Search Results for keywords:"housing loan eligibility"

Search Results: keywords:"housing loan eligibility"

S. 5301 — To amend title 38, United States Code, to prohibit the consideration of childcare expenses in the calculation of debt-to-income ratios for Department of Veterans Affairs housing loans, and for other purposes.
November 12, 2024
Status:Introduced in Senate
Congress:118
Words:617
S. 5301 is a bill introduced in the Senate aimed at making it easier for veterans to qualify for home loans from the Department of Veterans Affairs. It amends existing laws to ensure that childcare expenses are not included when calculating a veteran’s debt-to-income ratio,...
Simple Explanation
S. 5301 is a bill that wants to make it easier for people who served in the military to get a house. It says we shouldn't count the money people spend on daycare or babysitters when figuring out if they can afford a house.
H. R. 8607 — To amend title 38, United States Code, to make certain legatees of certain veterans eligible for housing loans guaranteed by the Secretary of Veterans Affairs, and for other purposes.
June 04, 2024
Status:Introduced in House
Congress:118
Words:1,155
H.R. 8607, known as the "VA Housing Loan Forever Act of 2024," aims to amend title 38 of the United States Code to allow certain legatees of veterans to become eligible for housing loans guaranteed by the Secretary of Veterans Affairs. It allows living veterans who served between 1944 and...
Simple Explanation
The bill lets certain family members of old soldiers use special loans to buy homes, even if the soldiers haven’t used them yet. It makes sure the soldiers can change their mind if the loans haven’t been used, and sets rules for how the family can use these loans.

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