Section 1 Short title
This Act may be cited as the “Homes for Heroes Act”.
Homes for Heroes Act
A BILL
To amend title 38, United States Code, to increase the maximum amount of housing loan guaranty entitlement available to certain veterans under the laws administered by the Secretary of Veterans Affairs.
Sec. 2 Increase to maximum amount of housing loan guaranty entitlement available to certain veterans
Clause (ii) of section 3703(a)(1)(C) of title 38, United States Code, is amended by striking “25 percent of the Freddie Mac conforming loan limit” and inserting “37.5 percent of the Freddie Mac conforming loan limit”.
Sec. 3 Adjustment of fees for interest rate reduction refinancing housing loans guaranteed insured, or made by the Secretary of Veterans Affairs
The loan fee table in section 3729(b)(2) of title 38, United States Code, is amended by striking the row in subparagraph (E) (relating to interest rate reduction refinancing loans) and inserting the following: