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Increased VA Home Loan Guarantees and Penalties for False Statements.

This act increases the maximum guaranty amounts for home loans available to veterans, making it easier for them to finance home purchases. It also introduces financial penalties for knowingly making false statements during the loan application process, aiming to enhance the integrity of the system. These changes can help veterans secure better loan terms but require greater accountability for the information they provide.
Key points
Increased maximum home loan guaranty amounts for veterans, potentially making homeownership more accessible.
Introduction of civil penalties up to $23,607 for veterans who knowingly make false certifications.
Extension of certain loan fee provisions until April 7, 2031.
New rules for joint home loans involving two or more veterans.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2723
Sponsor: Rep. Kennedy, Timothy M. [D-NY-26]
Process start date: 2025-04-08
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

VA Home Loan GRACE Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2723.

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 2025-04-08.

What are the main provisions?

Key points include:

  • Increased maximum home loan guaranty amounts for veterans, potentially making homeownership more accessible.
  • Introduction of civil penalties up to $23,607 for veterans who knowingly make false certifications.
  • Extension of certain loan fee provisions until April 7, 2031.
  • New rules for joint home loans involving two or more veterans.
What is the specific legal status?

The current status is Introduced.

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. Kennedy, Timothy M. [D-NY-26].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Veterans' Affairs.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Benefits Real Estate