Affordable Housing Guarantee Act
Sponsored By: Representative Miller-Meeks, Mariannette [R-IA-1]
In Committee
Summary
Would increase the VA home-loan guaranty to 50% for veterans with service-connected disabilities and set a 25% guaranty for other eligible veterans.
Show full summary
- Veterans with service-connected disabilities whose entitlement is unused or restored in full would have a 50% guaranty on the specified VA home loans.
- All other veterans described by the provision would have a 25% guaranty on those VA home loans.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Higher VA loan guarantee for veterans
If enacted, this bill would change VA home loan guaranty rules. It would set the VA guaranty at 50% of the loan for veterans with a service-connected disability. That applies only if their VA entitlement is unused or has been fully restored. For other veterans, the guaranty would be 25% of the loan. These percent rules would apply on enactment and change how much the VA backs eligible mortgages.
Sponsors & CoSponsors
Sponsor
Miller-Meeks, Mariannette [R-IA-1]
IA • R
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
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