Bills · S 138
IN COMMITTEE· 119TH CONGRESS
Senate BillS 138Veterans' loans, housing, homeless programsDepartment of Veterans Affairs
VA Home Loan Awareness Act of 2025
INTRO JAN 16· LAST ACTION JAN 16
READING
2MIN
COSPONSORS
26BIPARTISAN
READER REACTIONS0 TOTAL
NO VOTES YET · BE THE FIRST
- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because many eligible veterans do not use their VA Home Loan benefits, potentially missing out on significant financial advantages like no down payments, lower interest rates, and no private mortgage insurance. These benefits can make a huge difference in affording a home, especially for those with limited savings or tight budgets. By adding a simple note to the standard mortgage application, the bill directly addresses an awareness gap.
If this bill becomes law, more veterans could be prompted to inquire about and ultimately use their earned benefits, leading to more affordable homeownership for those who served. If it doesn't pass, the current situation of many eligible veterans being unaware of or not utilizing their VA home loan benefits will likely continue, meaning they might opt for more expensive or less advantageous loan options.
KEY PROVISIONS
3AI-extractedPROVISION 01
Requires a disclaimer to be added below the military service question on the Uniform Residential Loan Application (URLA).
This directly informs potential applicants about VA Home Loan eligibility.
PROVISION 02
The Director of the Federal Housing Finance Agency must issue regulations or orders within six months to implement this change.
This ensures the change is formally mandated and enforced across relevant housing finance companies.
PROVISION 03
Mandates a Government Accountability Office (GAO) study within 18 months to assess if at least 80% of lenders are including the new disclaimer.
This provides an accountability mechanism to ensure the new requirement is being followed by lenders.
SPONSORSHIP
1 + 26
R· Montana
YRS IN OFFICE
1
BILLS LED
77
COSPONSOR BREAKDOWNBIPARTISAN · 88%
DEM 14 REP 11 IND 1
ACTION TIMELINE
2 EVENTSJAN 16
Introduced in Senate
JAN 16
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
BILL INFO
TypeSenate Bill
NumberS 138
Congress119th
StatusIn Committee
IntroducedJan 16, 2025
Last actionJan 16, 2025
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IN COMMITTEE· 119TH CONGRESS · BANKING, HOUSING, AND URBAN AFFAIRS COMMITTEE · INTRODUCED JAN 16, 2025
Senate BillS 138Veterans' loans, housing, homeless programsDepartment of Veterans Affairs
VA Home Loan Awareness Act of 2025
INTRODUCED JAN 16, 2025· LAST ACTION JAN 16, 2025
PASSAGE CHANCES
—%
READING
2 min
COSPONSORS
26
COMPLEXITY
Moderate
