Home Affordability for Guard and Reserve Act

This bill would change the definition of "active duty" for VA-guaranteed home loans so that it covers more kinds of service by members of the reserve components and the National Guard, including inactive-duty training, annual training, and certain full-time Guard duty. These changes would apply to service performed on or after September 11, 2001. The bill would also make reserve and Guard members eligible for VA home loans if they served at least 14 days on such duty and then completed entry level and skill training. People eligible only through this new path would pay a VA loan fee 1.00 percentage point higher than the standard table. The VA would have to notify reserve and Guard members who finish entry level and skill training of their home loan eligibility.

Full text and official record on Congress.gov

Sponsors

• Tom Barrett Republican sponsor
• 0 cosponsors