Overview

• President Trump signed the VA Home Loan Program Reform Act into law on July 30 in a Roosevelt Room ceremony at 1:30 pm ET.
• The act establishes a permanent partial claims program that allows veterans to tack delinquent mortgage payments onto the tail end of their loans.
• It replaces the Biden-era Veterans Affairs Servicing Purchase program, which purchased over 17,000 troubled loans totaling $5.48 billion since May 2024.
• The legislation also boosts funding for homelessness prevention initiatives, including the VA’s Grant and Per Diem program.
• Introduced by Rep. Derrick Van Orden in March, the bill won unanimous approval in both the House and Senate.