Bill > HR7141

This bill, titled the "Affordable Housing Guarantee Act," proposes to amend existing law concerning home loans guaranteed by the Department of Veterans Affairs (VA). Specifically, it modifies the maximum amount the VA will guarantee for certain home loans. The key change involves adjusting the percentage of the loan that the VA guarantees based on the veteran's circumstances. For veterans with a service-connected disability whose VA home loan entitlement is either unused or has been fully restored, the VA's guarantee would increase to 50 percent of the loan amount. For all other veterans, the VA's guarantee would remain at 25 percent of the loan amount. This aims to make homeownership more accessible for veterans, particularly those with service-connected disabilities.

Business and Industry, Military Affairs and Security

https://www.congress.gov/bill/119th-congress/house-bill/7141/all-info