This bill aims to help veterans by ensuring they are aware of their eligibility for VA home loans when applying for a mortgage. It requires lenders to include a specific note on loan applications to guide veterans in accessing these benefits.
VA Home Loan Awareness Act of 2025This bill requires mortgage lenders to include on the Uniform Residential Loan Application (i. e., Fannie Mae Form 1003 or Freddie Mac Form 65) a notification that applicants with military service may qualify for a Department of Veterans Affairs Home Loan. Not later than 18 months after the enactment of the bill, the Government Accountability Office must study and report on whether at least 80% of lenders using the loan application form have met this requirement.
