HR3694119th CongressWALLET

VALID Act of 2025

Sponsored By: Representative Pettersen

Introduced

Summary

Better visibility of VA loan terms in FHA disclosures. This bill would require FHA borrower disclosures to include information about VA home loans and would add a military service question to the Uniform Residential Loan Application.

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  • Prospective borrowers, including veterans: Would see VA home loan information in the Informed Consumer Choice Disclosure when weighing FHA options, including a note that prevailing interest rates may apply to VA-guaranteed loans.
  • Military applicants and households: Each enterprise would add a military service question to the URLA and place it above the signature line, standardizing how service data is collected across mortgage applicants.
  • Lenders and regulators: The Federal Housing Finance Agency Director would have 6 months to issue a rule to implement the URLA change. The bill also clarifies that original lenders are not required to determine borrower eligibility for loans mentioned in the disclosure.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

More VA loan info for homebuyers

If enacted, federal mortgage disclosures for FHA loans would add a line showing VA loan terms at current rates. This would take effect upon enactment, and lenders would not have to decide if a buyer qualifies for a VA loan. No later than 6 months after enactment, the standard mortgage application would add a military service question above the signature line. The Federal Housing Finance Agency would issue a rule to require this change. These steps could help veterans compare options and get flagged for VA loan programs.

Sponsors & CoSponsors

Sponsor

Pettersen

CO • D

Cosponsors

  • Hageman

    WY • R

    Sponsored 6/3/2025

  • Williams (GA)

    GA • D

    Sponsored 6/3/2025

  • Kim

    CA • R

    Sponsored 6/3/2025

  • Fitzpatrick

    PA • R

    Sponsored 6/11/2025

  • Schneider

    IL • D

    Sponsored 6/17/2025

  • Moolenaar

    MI • R

    Sponsored 6/17/2025

  • Schakowsky

    IL • D

    Sponsored 6/17/2025

  • Newhouse

    WA • R

    Sponsored 6/17/2025

  • Strickland

    WA • D

    Sponsored 6/17/2025

  • Thompson (MS)

    MS • D

    Sponsored 6/17/2025

  • Khanna

    CA • D

    Sponsored 6/17/2025

  • Thanedar

    MI • D

    Sponsored 6/17/2025

  • Titus

    NV • D

    Sponsored 6/23/2025

  • Krishnamoorthi

    IL • D

    Sponsored 6/23/2025

  • Del. Norton, Eleanor Holmes [D-DC-At Large]

    DC • D

    Sponsored 6/23/2025

  • Casten

    IL • D

    Sponsored 6/23/2025

  • Cohen

    TN • D

    Sponsored 6/23/2025

  • Costa

    CA • D

    Sponsored 6/23/2025

  • Jackson (IL)

    IL • D

    Sponsored 6/23/2025

  • Lieu

    CA • D

    Sponsored 6/23/2025

  • Moulton

    MA • D

    Sponsored 6/23/2025

  • Gosar

    AZ • R

    Sponsored 6/23/2025

  • Garcia (TX)

    TX • D

    Sponsored 6/23/2025

  • Davis (IL)

    IL • D

    Sponsored 6/23/2025

  • Tonko

    NY • D

    Sponsored 6/23/2025

  • Craig

    MN • D

    Sponsored 6/23/2025

  • Timmons

    SC • R

    Sponsored 6/24/2025

  • Salinas

    OR • D

    Sponsored 6/24/2025

  • Auchincloss

    MA • D

    Sponsored 6/24/2025

  • Castro (TX)

    TX • D

    Sponsored 6/24/2025

  • Kelly (IL)

    IL • D

    Sponsored 6/25/2025

  • Neguse

    CO • D

    Sponsored 6/25/2025

  • McBride

    DE • D

    Sponsored 6/25/2025

  • Smith (WA)

    WA • D

    Sponsored 6/26/2025

  • Lawler

    NY • R

    Sponsored 6/26/2025

  • Begich

    AK • R

    Sponsored 6/26/2025

  • Finstad

    MN • R

    Sponsored 6/27/2025

  • Bergman

    MI • R

    Sponsored 6/30/2025

  • Tlaib

    MI • D

    Sponsored 6/30/2025

  • Schrier

    WA • D

    Sponsored 6/30/2025

  • Davis (NC)

    NC • D

    Sponsored 7/2/2025

  • Nehls

    TX • R

    Sponsored 7/10/2025

  • Carson

    IN • D

    Sponsored 7/10/2025

  • Ross

    NC • D

    Sponsored 7/16/2025

  • Wittman

    VA • R

    Sponsored 7/22/2025

  • Rutherford

    FL • R

    Sponsored 7/23/2025

  • Simon

    CA • D

    Sponsored 7/29/2025

  • Garcia (IL)

    IL • D

    Sponsored 7/29/2025

  • Rescom. Hernández, Pablo Jose [D-PR-At Large]

    PR • D

    Sponsored 7/29/2025

  • Fleischmann

    TN • R

    Sponsored 9/2/2025

  • Gonzalez, V.

    TX • D

    Sponsored 9/2/2025

  • Turner (OH)

    OH • R

    Sponsored 9/3/2025

  • Larsen (WA)

    WA • D

    Sponsored 9/8/2025

  • Baird

    IN • R

    Sponsored 9/8/2025

  • Goodlander

    NH • D

    Sponsored 9/26/2025

  • Hayes

    CT • D

    Sponsored 9/26/2025

  • LaLota

    NY • R

    Sponsored 10/3/2025

  • Pappas

    NH • D

    Sponsored 10/3/2025

  • Nunn (IA)

    IA • R

    Sponsored 10/6/2025

  • Evans (CO)

    CO • R

    Sponsored 10/6/2025

  • Franklin, Scott

    FL • R

    Sponsored 10/10/2025

  • Subramanyam

    VA • D

    Sponsored 10/10/2025

  • Panetta

    CA • D

    Sponsored 10/10/2025

  • Womack

    AR • R

    Sponsored 10/21/2025

  • Harder (CA)

    CA • D

    Sponsored 10/24/2025

  • Torres (CA)

    CA • D

    Sponsored 10/24/2025

  • Mills

    FL • R

    Sponsored 10/24/2025

  • Valadao

    CA • R

    Sponsored 10/24/2025

  • Luttrell

    TX • R

    Sponsored 10/24/2025

  • Bera

    CA • D

    Sponsored 10/28/2025

  • Randall

    WA • D

    Sponsored 11/7/2025

  • Carter (TX)

    TX • R

    Sponsored 11/7/2025

  • Obernolte

    CA • R

    Sponsored 11/7/2025

  • Salazar

    FL • R

    Sponsored 11/7/2025

  • Lynch

    MA • D

    Sponsored 11/7/2025

  • Norcross

    NJ • D

    Sponsored 11/12/2025

  • Letlow

    LA • R

    Sponsored 11/17/2025

  • Horsford

    NV • D

    Sponsored 11/17/2025

  • Cline

    VA • R

    Sponsored 12/12/2025

  • Case

    HI • D

    Sponsored 12/16/2025

  • Bresnahan

    PA • R

    Sponsored 12/18/2025

  • Kiggans (VA)

    VA • R

    Sponsored 1/8/2026

  • Suozzi

    NY • D

    Sponsored 1/21/2026

  • Sorensen

    IL • D

    Sponsored 1/22/2026

  • Loudermilk

    GA • R

    Sponsored 2/3/2026

  • Luna

    FL • R

    Sponsored 3/25/2026

Roll Call Votes

No roll call votes available for this bill.

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