Last progress June 3, 2025 (6 months ago)
Introduced on June 3, 2025 by Christopher Van Hollen
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
This bill aims to help veterans and service members get the best home loan option. It makes lenders give people who are thinking about an FHA loan a simple notice that also includes information about VA home loans. This helps borrowers compare options. Lenders would not have to check if someone is eligible for a VA loan; they just have to include the info in the notice .
It also requires adding a military service question to the standard mortgage application form, placed above the signature line, so eligible borrowers are easier to identify. The housing finance regulator must set this up within 6 months of the law taking effect .