Bills · HR 2791
REPORTED· 119TH CONGRESS
House BillHR 2791Veterans' loans, housing, homeless programsHousing finance and home ownership
Homes for Heroes Act
INTRO APR 9· LAST ACTION SEP 18
READING
2MIN
COSPONSORS
0
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Reported, not passed
LEGISLATIVE PROGRESS
STEP 3 / 8Introduced
In Committee
Reported
Passed House
Passed Senate
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it directly impacts veterans' ability to afford and manage their housing. By increasing the VA loan guarantee, it could make homeownership more accessible for veterans, especially in areas where home prices have risen significantly. This means a veteran might be able to buy a home they otherwise couldn't afford without a large down payment.
The changes to refinancing fees are also important because they affect how much it costs veterans to save money by getting a lower interest rate on their existing VA loan. Depending on the timing, these fee adjustments could save veterans money or cost them more, influencing their financial decisions regarding their homes.
KEY PROVISIONS
2AI-extractedPROVISION 01
Increases the maximum amount the VA guarantees on a veteran's home loan from 25% to 37.5% of the Freddie Mac conforming loan limit.
This allows veterans to qualify for larger home loans backed by the VA, potentially making more expensive homes accessible to them.
PROVISION 02
Adjusts the fees veterans pay for Interest Rate Reduction Refinancing Loans (IRRRLs), setting a tiered schedule of rates that change over different time periods until December 31, 2035.
This directly impacts the cost for veterans to refinance their existing VA loans to achieve a lower interest rate.
SPONSORSHIP
1 + 0
R· Ohio
YRS IN OFFICE
3
BILLS LED
27
ACTION TIMELINE
9 EVENTSSEP 18
Reported (Amended) by the Committee on Veterans' Affairs. H. Rept. 119-303.
SEP 18
Placed on the Union Calendar, Calendar No. 257.
JUL 23
Committee Consideration and Mark-up Session Held
JUL 23
Ordered to be Reported (Amended) by Voice Vote.
BILL INFO
TypeHouse Bill
NumberHR 2791
Congress119th
StatusReported
IntroducedApr 9, 2025
Last actionSep 18, 2025
READER REACTIONS
OVERALL SENTIMENT
No reactions yet. Be the first to weigh in.
Discussion
Loading comments...
REPORTED· 119TH CONGRESS · VETERANS' AFFAIRS COMMITTEE · INTRODUCED APR 9, 2025
House BillHR 2791Veterans' loans, housing, homeless programsHousing finance and home ownership
Homes for Heroes Act
INTRODUCED APR 9, 2025· LAST ACTION SEP 18, 2025
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
0
COMPLEXITY
Moderate
