Lets veterans get bigger home loan guaranties and changes refinancing fees.
This bill would let certain veterans get a larger home loan guaranty from the Department of Veterans Affairs, increasing it from 25 percent to 37.5 percent of the Freddie Mac conforming loan limit. It would also set new, changing fees for veterans who refinance their VA-backed home loans to get a lower interest rate, with these fees varying over time.
Today, the maximum housing loan guaranty entitlement for certain veterans is 25 percent of the Freddie Mac conforming loan limit, and interest rate reduction refinancing loans have one fee structure. If this bill passes, the maximum guaranty would increase to 37.5 percent of the Freddie Mac conforming loan limit, and refinancing loans would have a new, tiered fee schedule that changes over time, ranging from 0.25 percent to 0.75 percent depending on the closing date.
HR 2791 · 119th Congress · AI Summary by gemini-2.5-flash · 9/10
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3 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.