119th Congress · SENATE BILLBILL

S. 138 — VA Home Loan Awareness Act of 2025

“A bill to require each enterprise to include on the Uniform Residential Loan Application a disclaimer to increase awareness of the direct and guaranteed home loan programs of the Department of Veterans Affairs, and for other purposes.”

Housing and community development

Introduced Jan 16, 2025

Last action Jan 16, 2025

Pipeline · Bill → Law

Step 1

Introduced

Jan 16, 2025

Step 2

Referred

Jan 16, 2025

Banking, Housing, and Urban Affairs

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This 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.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Jan 16, 2025

Introduced in Senate

Jan 16, 2025

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