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Transferring Unused VA Home Loan Benefits to Veterans' Descendants (1944-1977)

This Act allows spouses, children, and other direct descendants of veterans who served between 1944 and 1977 and never used their VA home loan guarantee to claim that benefit. This means these families can now access a VA-guaranteed mortgage, significantly easing the path to homeownership. Living veterans can elect to transfer the benefit immediately, while families of deceased veterans have a 10-year window to apply for the transfer.
Key points
The law grants legatees (spouses, children, grandchildren) of specific veterans (1944-1977 service) the right to use the veteran's full, unused VA home loan benefit.
Living veterans who qualify can transfer the benefit immediately; families of deceased veterans have 10 years from the Act's effective date to apply for the transfer.
Recipients of the transferred benefit are treated as veterans for loan purposes but must still pay the standard VA funding fee.
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Additional Information
Print number: 118_HR_8607
Sponsor: Rep. Clyburn, James E. [D-SC-6]
Process start date: 2024-06-04
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Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

VA Housing Loan Forever Act of 2024

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_8607.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-06-04.

What are the main provisions?

Key points include:

  • The law grants legatees (spouses, children, grandchildren) of specific veterans (1944-1977 service) the right to use the veteran's full, unused VA home loan benefit.
  • Living veterans who qualify can transfer the benefit immediately; families of deceased veterans have 10 years from the Act's effective date to apply for the transfer.
  • Recipients of the transferred benefit are treated as veterans for loan purposes but must still pay the standard VA funding fee.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Clyburn, James E. [D-SC-6].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on Economic Opportunity.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Real Estate Benefits