VA Home Loan Awareness Act of 2025

Senate Bill

S. 138

119th Congress

VA Home Loan Awareness Act of 2025

In Committee

Introduced:Jan 16, 2025

Primary Sponsor

Tim Sheehy

R - MT

Cosponsors

25

Quick Stats

Policy Area

Housing and Community Development

Summary

This bill requires mortgage lenders to include a notification on standard loan applications (Fannie Mae/Freddie Mac forms) informing applicants with military service that they may qualify for VA home loans. GAO must study within 18 months whether at least 80% of lenders have implemented this requirement. The bill aims to increase veteran awareness of their home loan benefits.

Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

AI Summary

Plain-English explanation of this bill

This bill requires mortgage lenders to include a notification on standard loan applications (Fannie Mae/Freddie Mac forms) informing applicants with military service that they may qualify for VA home loans. GAO must study within 18 months whether at least 80% of lenders have implemented this requirement. The bill aims to increase veteran awareness of their home loan benefits.

Last updated: 1/4/2026

Official Summary

Congressional Research Service summary

VA Home Loan Awareness Act of 2025This bill requires mortgage lenders to include on the Uniform Residential Loan Application (i.e., Fannie Mae Form 1003 or Freddie Mac Form 65) a notification that applicants with military service may qualify for a Department of Veterans Affairs Home Loan.Not later than 18 months after the enactment of the bill, the Government Accountability Office must study and report on whether at least 80% of lenders using the loan application form have met this requirement.

Key Points

Main provisions of the bill

Requires VA loan notification on standard mortgage applications
Applies to Fannie Mae Form 1003 and Freddie Mac Form 65
Targets applicants with military service
GAO must verify 80% lender compliance within 18 months
Increases awareness of VA home loan benefits

How This Impacts Americans

Potential effects on citizens and communities

Many veterans are unaware they qualify for VA home loans, which offer significant advantages including no down payment and no private mortgage insurance. By requiring notification on standard application forms, the bill ensures veterans learn about this benefit early in the home buying process, potentially saving them thousands of dollars over the life of their mortgages.

Policy Areas

Primary Policy Area

Housing and Community Development

Related Subjects

Congressional oversight

Department of Veterans Affairs

Government lending and loan guarantees

Government studies and investigations

Housing finance and home ownership

Veterans' loans, housing, homeless programs

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

138, 119th Congress (2025). "VA Home Loan Awareness Act of 2025". Source: Voter's Right Platform. https://votersright.org/bills/118-s-138