NAR sent a letter to the Senate Veterans Affairs Committee for their hearing on pending legislation. The NAR letter expressed concerns with H.R. 299, the "Blue Water Navy Vietnam Veterans Act of 2018". This bill contains favorable provisions that would eliminate the cap on VA home loans, allowing a veteran to use their benefit to purchase a home wherever they prefer. However, to pay for the bills other provisions, the bill also contains language to increase the fees on the VA guarantee. We believe the fees should only reflect the risk of the program. NAR will continue to work with the Committee and Congress on this issue.
NAR Letter on VA Home Loans
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