H.R. 2791 — Homes for Heroes Act

This section increases the maximum amount of housing loan guaranty entitlement available to certain veterans to 37.5 percent (from 25 percent) of the Freddie Mac conforming loan limit.

This section revises VA funding fees for interest rate reduction refinancing loans (IRRRLs)—streamlined refinances of VA-guaranteed home loans—by replacing the existing fee row with tiered percentages based on closing date, applied uniformly across all borrower categories (first-time VA loan use, subsequent use, and disability status): (1) 0.50% for loans closed on or after August 1, 2025, and before December 31, 2025; (2) 0.25% for loans closed on or after December 31, 2025, and before December 31, 2027; (3) 0.50% for loans closed on or after December 31, 2027, and before October 1, 2031; (4) 0.75% for loans closed on or after October 1, 2031, and before December 31, 2035; and (5) 0.50% for loans closed on or after December 31, 2035.