H.R. 2723: Veteran Affairs Home Loan Guaranty Resiliency And Concurrency Enhancement Act of 2025

This bill, known as the Veteran Affairs Home Loan Guaranty Resiliency And Concurrency Enhancement Act of 2025, aims to amend existing laws regarding mortgage loan guarantees for certain veterans. Here are the primary components of what the bill proposes:

1. Increase in Guaranty Amounts

The bill amends the maximum guaranty amounts for loans made to veterans. The proposed changes specify that loans under certain categories will be guaranteed by the U.S. government to different limits depending on various criteria such as the type of loan, whether the veteran is classified as a "covered veteran," and the loan amount.

2. Loan Categories and Guaranty Tables

The bill includes a detailed table that classifies loan amounts into categories. For example:

• Loans of not more than $45,000: For veterans, the maximum guaranty is 50% of the loan amount.
• Loans above $45,000 but not exceeding $56,250: The maximum guaranty varies, such as $22,500 for non-covered veterans.
• Loans exceeding $144,000: The guarantee may be 25% of the loan amount, depending on veteran status.

The adjustments aim to ease the qualification process for eligible veterans seeking home loans.

3. Joint Loans

The bill specifies how loans involving two or more veterans can be guaranteed, including scenarios where veterans use combined entitlement for a shared loan. The guarantee amount will be determined based on specific criteria outlined in the bill.

4. Penalties for False Certification

There are provisions included that impose civil penalties on veterans who knowingly make false statements in their loan applications. The fine for such false certifications could be as high as $23,607.

5. Extension of Loan Fee Deadlines

The bill extends deadlines on the loan fee table, specifically changing references to the previous deadline of "April 7, 2023" to a new date of "April 7, 2031."

6. Effective Date

The changes proposed in this act will take effect 180 days after it is enacted into law, meaning there will be a significant grace period before the new rules apply.

Relevant Companies

None found.