The Homes for Heroes Act aims to significantly enhance housing benefits for eligible veterans by increasing their maximum housing loan guaranty entitlement. Specifically, it amends title 38, United States Code, to raise the entitlement from 25 percent to 37.5 percent of the Freddie Mac conforming loan limit , allowing veterans to secure larger home loans with VA backing. Additionally, the bill modifies the fee schedule for interest rate reduction refinancing housing loans guaranteed, insured, or made by the Secretary of Veterans Affairs. This adjustment introduces a new, tiered structure for loan fees, varying from 0.25 percent to 0.75 percent based on the loan's closing date, which will impact the cost of refinancing for veterans over different periods.