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Expanding VA Home Loan Eligibility for National Guard and Reservists.

This Act expands eligibility for housing loans guaranteed by the Department of Veterans Affairs (VA) to include certain members of the National Guard and Reserve. Specifically, individuals who performed at least 90 consecutive days of non-basic active duty for training will now qualify for these benefits. This change provides a significant financial and housing advantage, making it easier for eligible service members to purchase a home.
Key points
New VA Loan Eligibility: Guard and Reservists who completed at least 90 consecutive days of active duty for training (excluding basic training) will now be eligible for VA-guaranteed home loans.
Financial Benefit: Access to VA loans often means better terms, such as no down payment requirement, making homeownership more accessible for these service members.
Time Requirement: The qualifying service must have occurred on or after the date six years before the Act's enactment.
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Additional Information
Print number: 118_S_4323
Sponsor: Sen. Shaheen, Jeanne [D-NH]
Process start date: 2024-05-14
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Expanding Home Loans for Guard and Reservists Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_4323.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-05-14.

What are the main provisions?

Key points include:

  • New VA Loan Eligibility: Guard and Reservists who completed at least 90 consecutive days of active duty for training (excluding basic training) will now be eligible for VA-guaranteed home loans.
  • Financial Benefit: Access to VA loans often means better terms, such as no down payment requirement, making homeownership more accessible for these service members.
  • Time Requirement: The qualifying service must have occurred on or after the date six years before the Act's enactment.
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 Sen. Shaheen, Jeanne [D-NH].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

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