New Bill Could Make It Easier for Veterans to Buy Homes
A new bipartisan proposal in Congress could make it easier for Veterans, especially those in rural communities, to purchase homes using VA-backed loans. The VA Appraisal Modernization Act is designed to fix long-standing issues in the appraisal process that slow down...
New Law Protects Veterans from Foreclosure Through VA Home Loan Program Reform Act
A new law signed this week introduces permanent changes to the VA Home Loan Program, providing Veterans with more options to avoid foreclosure and stay in their homes during financial hardship. The VA Home Loan Program Reform Act, sponsored by Rep. Derrick Van Orden...
House Passes GOP Bill to Reform VA Home Loan Program After VASP Ends
On May 19, the House of Representatives passed H.R. 1815, the VA Home Loan Program Reform Act. If made into law, the legislation would allow the VA to create a permanent partial claims program to help Veteran homeowners catch up on missed mortgage payments. It also...
VA Ending Temporary VASP Program That Helped Prevent Veteran Foreclosures
The VA will stop accepting new applications for the Veterans Affairs Servicing Purchase, VASP, program on May 1. Launched by the Biden administration in 2023, VASP was designed as a temporary solution to assist VA-backed mortgage holders at risk of foreclosure...
Congress Considers Changes to VA Home Loan Program
The House Committee on Veterans’ Affairs Subcommittee on Economic Opportunity recently reviewed legislative proposals to strengthen the VA Home Loan Program. A primary focus was the “Restoring the VA Home Loan Program in Perpetuity Act,” introduced by...
