Home Loans for National Guard Members
Official: Home Affordability for Guard and Reserve Act
The Home Affordability for Guard and Reserve Act allows more National Guard and reserve members to access housing loans. This is important because it helps these service members afford homes after their military service.
1. This bill expands housing loan eligibility for certain National Guard and reserve members. 2. It includes those who serve on active duty or full-time training. 3. Members with at least 14 days of service can qualify for loans with an extra fee. 4. The changes apply retroactively to service after September 11, 2001. 5. The Secretary of Veterans Affairs will inform eligible members about these benefits.
National Guard members and certain reserve service members who have completed specific training.