Fair Access to Co-ops for Veterans Act of 2025

This bill significantly enhances the Department of Veterans Affairs' loan guarantee program for residential cooperative housing units by removing the previous five-year sunset provision, thereby making these guarantees permanent. It mandates that the Secretary of Veterans Affairs establish comprehensive regulations for underwriting, loan processing, and valuation of co-op loans, ensuring consistency with Federal National Mortgage Association standards where suitable. However, the legislation also increases the loan fee for these specific guarantees by an additional 3.25 percent of the total loan amount. Furthermore, the bill clarifies that stock or membership in a cooperative housing corporation is to be treated as residential property for the purposes of VA loan guarantees. It directs the Secretary to actively advertise the availability of these improved loan guarantees to eligible veterans, participating lenders, and interested realtors. To facilitate timely implementation, the Secretary is authorized to issue guidance before formal regulations are fully prescribed.