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Veterans Refinancing Relief: VA Home Loan Fee Adjustments

This bill adjusts the fees for interest rate reduction refinancing housing loans guaranteed by the Department of Veterans Affairs. This means veterans seeking to lower their mortgage interest rates will face varying fees based on the loan closing date, potentially impacting their overall costs. These changes are set to take effect in different periods, extending through 2035 and beyond.
Key points
Fees for VA-guaranteed home loan refinancing will change based on the loan closing date.
Different fee rates are introduced: 0.50% (August-December 2025), 0.25% (December 2025-December 2027), 0.50% (December 2027-December 2032), 0.75% (December 2032-December 2035), and 0.50% (after December 2035).
The aim is to adjust refinancing costs for veterans, potentially affecting their monthly expenses.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_3384
Sponsor: Rep. Van Orden, Derrick [R-WI-3]
Process start date: 2025-05-14
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Refinancing Relief for Veterans Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_3384.

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 2025-05-14.

What are the main provisions?

Key points include:

  • Fees for VA-guaranteed home loan refinancing will change based on the loan closing date.
  • Different fee rates are introduced: 0.50% (August-December 2025), 0.25% (December 2025-December 2027), 0.50% (December 2027-December 2032), 0.75% (December 2032-December 2035), and 0.50% (after December 2035).
  • The aim is to adjust refinancing costs for veterans, potentially affecting their monthly expenses.
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. Van Orden, Derrick [R-WI-3].

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 2025-12-22.

CATEGORIES

Benefits Real Estate