Expansion of eligibility for guaranteed housing loans to certain additional personnel upon payment of additional loan fee

(a) Expansion to individuals with at least 14 days of service Section 3701(b) of title 38, United States Code, is amended by inserting after paragraph (7) the following new paragraph: (8) The term veteran also includes, for purposes of home loans (subject to the additional loan fee in section 3729(b)(4)(J) of this title), an individual who— (A) is not otherwise eligible for the benefits of this chapter; (B) has completed a total service of at least 14 days on active duty under paragraph (B) or (C) of paragraph (9); and (C) following completion of such service, continued to serve until the completion of entry level and skill training (as defined in section 3301(3) of this title).. (b) Basic entitlement Section 3702(a)(2) of title 38, United States Code, is amended by adding at the end the following: (H) Each individual described in section 3701(b)(8) of this title.. (c) Additional loan fee for such individuals Section 3729(b)(4) of title 38, United States Code, is amended by adding at the end the following new subparagraph: (J) In the case of a housing loan in which the veteran has eligibility under section 3701(b)(8) of this title and does not otherwise have eligibility, the loan fee table in paragraph (2) shall be applied to the veteran or other obligor (as applicable) by adding 1.00 to the percentage in the table.. (d) Notification to personnel The Secretary of Veterans Affairs shall ensure that each member of a reserve component or a member of the Army National Guard of the United States or Air National Guard of the United States who completes entry level and skill training (as defined in section 3301(3) of title 38, United States Code) after the date of the enactment of this Act is notified of their eligibility for housing loan benefits under chapter 37 of such title, including eligibility (subject to the additional loan fee) under section 3701(b)(8) of such title.