S. 138 · Where this bill is now
Became law through another bill
Its text was included in H.R. 6644, Public Law 119-101 (per the Congressional Research Service). This bill number itself: In committee.
See H.R. 6644 on Congress.gov ↗
What this bill does
In plain words · AI-written from the official summaryAlerts mortgage applicants to VA home loans
This bill requires mortgage lenders to add a notification to their standard loan application forms, letting applicants know that veterans and service members may be eligible for Department of Veterans Affairs home loans. Within 18 months after the bill becomes law, a government agency must check whether at least 80% of lenders have added this notification.
How it affects you
If you're a veteran or service member applying for a mortgage, you'd see a reminder on the application form about VA home loans, which offer benefits like no down payment requirement and competitive interest rates. Right now, some applicants may not realize they qualify for these loans, so this bill aims to help more eligible people learn about the option.
Read the official summary (Introduced in Senate, Jan 16, 2025)
VA Home Loan Awareness Act of 2025
This bill requires mortgage lenders to include on the Uniform Residential Loan Application (i.e., Fannie Mae Form 1003 or Freddie Mac Form 65) a notification that applicants with military service may qualify for a Department of Veterans Affairs Home Loan.
Not later than 18 months after the enactment of the bill, the Government Accountability Office must study and report on whether at least 80% of lenders using the loan application form have met this requirement.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionS. 138
A BILL
VA Home Loan Awareness Act of 2025
Sponsor: Sen. Tim Sheehy (R-MT) · Introduced Jan 16, 2025 · Housing and Community Development · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Jan 16, 2025: “Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.”