WASHINGTON, DC (July 16, 2025) |
The Defense Credit Union Council (DCUC) applauds the bipartisan passage of H.R. 1815, the VA Home Loan Program Reform Act, which will significantly strengthen protections for veterans facing mortgage hardship.
This legislation will enhance the VA Home Loan Program by establishing a permanent partial claims program and improving loss mitigation options for veterans struggling with mortgage payments. The bill also ensures that veterans have access to the same foreclosure-prevention tools available through other federal housing programs.
“This is a crucial step forward in protecting the financial well-being of those who have served our country,” said Anthony Hernandez, DCUC President/CEO. “We commend lawmakers on both sides of the aisle for recognizing the urgent need to modernize the VA Home Loan Program. These reforms will help prevent unnecessary foreclosures, provide a safety net during financial hardship, and uphold our nation’s promise to support our veterans.”
Key provisions of the bill include:
- A five-year partial claims program to help veterans catch up on delinquent mortgage payments
- Enhanced loss mitigation tools and VA authority to work with lenders to avoid foreclosure
- Permanent authorization allowing veterans to compensate real estate agents directly
- Additional funding for homeless veterans through the VA Grant and Per Diem Program
DCUC looks forward to continued collaboration with Congress and federal agencies to ensure these vital protections are implemented effectively and equitably.
Stay up to speed with DCUC’s advocacy and representation at dcuc.org/news.