Bill > S1932

This bill, known as the VA Loan Informed Disclosure Act of 2025 (VALID Act of 2025), aims to improve transparency and information for veterans and military service members in the home loan process. It requires the Federal Housing Administration (FHA) to include information about VA home loans in the Informed Consumer Choice Disclosure that is provided to prospective FHA borrowers. Specifically, the bill mandates that when discussing loan-to-value ratios, the disclosure must also provide information about VA-guaranteed or insured loans, assuming current interest rates. Additionally, the bill requires the Uniform Residential Loan Application to include a military service question, which must be positioned above the signature line. This change will help lenders and financial institutions better understand and potentially serve veterans and active-duty military personnel seeking home loans. The bill clarifies that lenders are not required to determine a borrower's eligibility for all loan types mentioned in the disclosure, and it gives the Director of the Federal Housing Finance Agency six months to implement these changes through rulemaking.

Housing and Urban Affairs

https://www.congress.gov/bill/119th-congress/senate-bill/1932/all-info