To amend title 38, United States Code, to increase the maximum amount of housing loan guaranty entitlement available to certain veterans under the laws administered by the Secretary of Veterans Affairs.
Sponsors
Legislative Progress
ReportedReported with an amendment, committed to the Committee of the …
Mr. Miller of Ohio introduced the following bill; which was …
Summary
What This Bill Does
Increases the maximum VA home loan guaranty to 25% of 1.5 times the Freddie Mac conforming loan limit (up from 25% of the base limit). Allows veterans to buy more expensive homes with VA backing.
Who Benefits and How
Veterans in high-cost housing markets can purchase homes up to 50% above conforming loan limits with VA guaranty. Lenders face less risk on larger VA loans.
Who Bears the Burden and How
VA assumes greater guaranty exposure on larger loans. Taxpayers bear increased risk if housing market declines. May encourage veterans to take on larger mortgages.
Key Provisions
- Increases maximum guaranty from 25% of conforming limit to 25% of 1.5x conforming limit
- Applies to all VA housing loans under Chapter 37
Evidence Chain:
This summary is derived from the structured analysis below. See "Detailed Analysis" for per-title beneficiaries/burden bearers with clause-level evidence links.
Primary Purpose
Increases VA home loan guaranty limits by 50% above conforming loan limits
Policy Domains
Legislative Strategy
"Expand VA loan access in high-cost markets"
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology