H.R. 4539 · 110th Congress
Department of Veterans Affairs Loan Guaranty Cost Reduction Act of 2007
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Never voted on. It didn't reach a floor vote before the 110th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
R
BuyerSponsor1 cosponsor · 1 D
1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Department of Veterans Affairs Loan Guaranty Cost Reduction Act of 2007 - Increases the maximum guarantee amount regarding home purchase or construction loans to certain veterans.
What it does: CRS summary · Introduced in House · Dec 13, 2007
Department of Veterans Affairs Loan Guaranty Cost Reduction Act of 2007 - Increases the maximum guarantee amount regarding home purchase or construction loans to certain veterans.
Permits guaranteeing certain refinancing loans for 100% (currently, 90%) of reasonable value
Modifies requirements regarding the fees veterans pay for the loan guarantees.
Sets the maximum guarantee amount if the dwelling is determined by the Secretary of Veterans Affairs to be affordable housing and the veteran is the first owner-occupant.
Allows amounts deposited in the existing Veterans Housing Benefit Program Fund that are not used for loan guarantees to be used to reduce loan closing costs.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Department of Veterans Affairs Loan Guaranty Cost Reduction Act of 2007
Latest action (Apr 16, 2008): Subcommittee Hearings Held.
Policy area: Armed Forces and National Security · Origin: House · Introduced: Dec 13, 2007
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.