VA Home Loan GRACE Act of 2025
HR 2723 modifies VA home loan guarantee limits for veterans, creating new rules based on loan size and whether the veteran had a loan closed before or after April 7, 2031. It establishes different maximum guaranty amounts - such as 50% of loan value for smaller loans closed before 2031, dropping to 25% afterward - and caps coverage at $36,000 for larger loans. This directly affects veterans applying for VA-backed mortgages, especially those with multiple veterans on a single loan or seeking loans above $56,250. The bill also adds a $23,607 civil penalty for false certification and adjusts loan fee effective dates.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2025
Committee Review
Floor Vote
President
Introduced Apr 8, 2025
Last action Apr 8, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Apr 8, 2025
Committee
Referred to the House Committee on Veterans' Affairs.
lower
Apr 8, 2025
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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