This legislation aims to enhance awareness of the Department of Veterans Affairs' direct and guaranteed home loan programs among potential applicants. It mandates that each enterprise, likely referring to government-sponsored enterprises, incorporate a specific disclaimer on the Uniform Residential Loan Application (URLA) below the military service question. The required disclaimer, stating "If yes, you may qualify for a VA Home Loan. Consult your lender regarding eligibility," must be implemented by regulation or order within six months of the bill's enactment. To ensure compliance, the bill directs the Comptroller General to conduct a study and report to Congress within 18 months , assessing if at least 80 percent of lenders are using the new disclaimer.
Congressional oversightDepartment of Veterans AffairsGovernment lending and loan guaranteesGovernment studies and investigationsHousing finance and home ownershipVeterans' loans, housing, homeless programs
VA Home Loan Awareness Act of 2025
USA119th CongressS-138| Senate
| Updated: 1/16/2025
This legislation aims to enhance awareness of the Department of Veterans Affairs' direct and guaranteed home loan programs among potential applicants. It mandates that each enterprise, likely referring to government-sponsored enterprises, incorporate a specific disclaimer on the Uniform Residential Loan Application (URLA) below the military service question. The required disclaimer, stating "If yes, you may qualify for a VA Home Loan. Consult your lender regarding eligibility," must be implemented by regulation or order within six months of the bill's enactment. To ensure compliance, the bill directs the Comptroller General to conduct a study and report to Congress within 18 months , assessing if at least 80 percent of lenders are using the new disclaimer.
Congressional oversightDepartment of Veterans AffairsGovernment lending and loan guaranteesGovernment studies and investigationsHousing finance and home ownershipVeterans' loans, housing, homeless programs