1. Short title

This Act may be cited as the "Homes for Heroes Act".

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".

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:

(E)(i) Interest rate reduction refinancing loan (closed on or after August 1, 2025, and before December 31, 2025)0.500.500.50(E)(ii) Interest rate reduction refinancing loan (closed on or after December 31, 2025, and before December 31, 2027)0.250.250.25(E)(iii) Interest rate reduction refinancing loan (closed on or after December 31, 2027, and before October 1, 2031)0.500.500.50(E)(iv) Interest rate reduction refinancing loan (closed on or after October 1, 2031, and before December 31, 2035)0.750.750.75(E)(v) Interest rate reduction refinancing loan (closed on or after December 31, 2035)0.500.500.50

September 18, 2025Reported with an amendment, committed to the Committee of the Whole House on the State of the Union, and ordered to be printed