# 119-hr-8532: VA Home Loan Affordability Act

119-hr-8532, VA Home Loan Affordability Act, is a 119th Congress bill sponsored by Rep. Van Orden, Derrick [R-WI-3] (R-WI); status introduced; PRIA reads it as touching household money (as of 2026-09-21).

- Canonical: https://policyrisk.com/legislation/119-hr-8532
- As of: 2026-09-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-8532
- Congress: 119
- Title: VA Home Loan Affordability Act
- Status: introduced
- Introduced: 2026-04-27
- Sponsor: Rep. Van Orden, Derrick [R-WI-3] (R-WI)
- Cosponsors: 8
- Policy area: Armed Forces and National Security
- Touches household money: yes
- Last recorded action: 2026-09-21

## Summary

**This bill would align VA home loan rules with the Federal Housing Administration to** **streamline and lower costs for veteran borrowers**. It focuses on reducing fees, expanding condo eligibility, and speeding refinancing without extra paperwork. - Veterans and homebuyers: Could face lower upfront costs and faster refinances. Closing costs paid by the veteran would be capped at 1.5% of the loan amount and seller fees at 6% of the outstanding balance. - Condominium buyers and developers: Removes the requirement that projects be preapproved by the VA, expanding which condo projects can qualify for VA-guaranteed loans. - Lenders and appraisers: The Secretary could not demand third-party verification of lender fees, and appraisers would need a state license or certificate instead of a years-of-experience rule. The minimum adjustable-rate margin would fall from 200 basis points to 75 basis points. - VA administration and underwriting: Debt-to-income ratios must be reviewed and set at least once every two years. The Secretary would also submit an IT modernization plan for VA housing loans within 180 days.

## Cosponsors (8)

- Rep. Bost, Mike [R-IL-12] (R-IL), 2026-04-27T00:00:00.000Z
- Rep. Barrett, Tom [R-MI-7] (R-MI), 2026-04-27T00:00:00.000Z
- Rep. Kiggans, Jennifer A. [R-VA-2] (R-VA), 2026-04-27T00:00:00.000Z
- Rep. Ciscomani, Juan [R-AZ-6] (R-AZ), 2026-04-27T00:00:00.000Z
- Rep. James, John [R-MI-10] (R-MI), 2026-06-09T00:00:00.000Z
- Rep. McGuire, John J. [R-VA-5] (R-VA), 2026-06-30T00:00:00.000Z
- Rep. Kean, Thomas H. [R-NJ-7] (R-NJ), 2026-08-03T00:00:00.000Z
- Rep. Gallagher, James [R-CA-1] (R-CA), 2026-08-27T00:00:00.000Z

## Provisions PRIA read

- Lower VA mortgage costs for veterans: benefit, high. If enacted, VA would limit the closing costs you pay on a VA‑guaranteed loan to 1.5% of the loan amount. It would cap seller fees you pay to 6% of the outstanding loan balance. The minimum spread on VA adjustable‑rate mortgages would be lowered from 200 basis points to 75 basis points. The VA Secre…
- More VA condo loan options: benefit, medium. If enacted, the bill would remove the rule that a condominium project must have prior VA Secretary approval before units can qualify for VA‑guaranteed loans. The VA would also have 90 days after enactment to review and, if appropriate, rewrite rules about which properties are suitable for VA loans.…
- New VA appraisal and underwriting rules: mixed, low. If enacted, the bill would require VA appraisers to hold a State certificate or license. It would also require the VA to review and prescribe debt‑to‑income ratios at least once every two years. These changes could improve professional standards but might change which appraisers are eligible and co…

## Related bills

- 119-hr-9237: Take Care of America’s Veterans Act
- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-9250: Great American Outdoors Act 250
- 119-hr-1422: Enhanced Iran Sanctions Act of 2025
- 119-hr-5401: Pay Our Troops Act of 2026
- 119-hr-703: Main Street Tax Certainty Act

## Sources
- [119-hr-8532 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/8532)

## Related
- [119-hr-9237: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-hr-9237)
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-9250: Great American Outdoors Act 250](https://policyrisk.com/legislation/119-hr-9250)
- [119-hr-1422: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-hr-1422)
- [119-hr-5401: Pay Our Troops Act of 2026](https://policyrisk.com/legislation/119-hr-5401)
- [119-hr-703: Main Street Tax Certainty Act](https://policyrisk.com/legislation/119-hr-703)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-8532 (as of 2026-09-21).