United StatesHouse Bill 1814HR 1814
Restoring the VA Home Loan Program in Perpetuity Act of 2025
Armed Forces and National Security
2 pages
- house
- senate
- president
Last progress March 3, 2025 (9 months ago)
Introduced on March 3, 2025 by Derrick Van Orden
Sponsors
House Votes
Pending Committee
March 3, 2025 (9 months ago)Referred to the House Committee on Veterans' Affairs.
Senate Votes
Vote Data Not Available
Presidential Signature
Signature Data Not Available
AI Summary
This proposal would limit how many VA-backed home loans the Department of Veterans Affairs can buy from mortgage companies to help avoid default. It caps these purchases at 250 loans per year. It also tells the VA to deliver a plan within 180 days for selling any such loans it has acquired (on or after May 31, 2024) to non-government buyers.
What this means for people:
- Who is affected: Veterans and military families with VA-guaranteed home loans, and mortgage servicers that work with the VA loan program.
- What changes: The VA could only buy up to 250 troubled loans each year to help avoid default, and it must plan to sell those purchased loans to non-government entities.
- When: The VA’s sale plan is due within 180 days after the law takes effect, and it covers loans the VA acquired on or after May 31, 2024.
Text Versions
Text as it was Introduced in House
ViewMarch 3, 2025•2 pages
Amendments
No Amendments