FAIR Veterans Act of 2025

This legislation, known as the Foreclosure Assistance Immediately Reinstated for Veterans Act of 2025, expresses the sense of Congress that home foreclosure should be a last resort for veterans with Department of Veterans Affairs (VA) guaranteed loans. It urges the VA to fully utilize its existing authorities, particularly the Veterans Affairs Servicing Purchasing (VASP) program , to help veterans retain their homes. The bill specifically amends section 3732(a)(2)(A) of title 38, United States Code, to clarify that the VA Secretary shall carry out a program under which the VA may purchase delinquent loans from holders. This action allows the VA to pay the unpaid balance and receive an assignment of the loan, thereby strengthening its ability to intervene and prevent foreclosures for eligible veterans.