VA Home Loan Affordability Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 8532 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 8532 To amend title 38, United States Code, to align elements of the housing loan program of the Department of Veterans Affairs with requirements of the Federal Housing Administration, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES April 27, 2026 Mr. Van Orden (for himself, Mr. Bost, Mr. Barrett, Mrs. Kiggans of Virginia, and Mr. Ciscomani) introduced the following bill; which was referred to the Committee on Veterans' Affairs _______________________________________________________________________ A BILL To amend title 38, United States Code, to align elements of the housing loan program of the Department of Veterans Affairs with requirements of the Federal Housing Administration, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``VA Home Loan Affordability Act''. SEC. 2. ALIGNMENT OF HOUSING LOAN PROGRAM OF THE DEPARTMENT OF VETERANS AFFAIRS WITH REQUIREMENTS OF THE FEDERAL HOUSING ADMINISTRATION. (a) Prohibition of Requirement of Third Party Verification of Lender Fees.--Section 3703(a)(2)(B) of title 38, United States Code, is amended-- (1) by inserting ``in regulations'' after ``Secretary may prescribe''; and (2) by adding at the end the following: ``In prescribing such regulations regarding fees paid by a veteran borrower to lender, the Secretary may not require documentation of such fees by a third party.'' (b) Refinancing of Housing Loans.-- (1) Authority to waive appraisal.--Section 3709(a) of title 38, United States Code, is amended-- (A) by redesignating paragraphs (1) through (3) as subparagraphs (A) through (C), respectively; (B) by inserting ``(1)'' before ``Except''; and (C) by add