NAR Letter for the Record to the House Committee on Veterans’ Affairs, committee on Economic Opportunity Regarding the VA Home Loan Guarantee Program

On December 13 NAR sent a letter to Chairman Levin and Ranking Member Moore of the House Committee on Veterans’ Affairs, Subcommittee on Economic Opportunity. NAR members see issues like appraisal delays and must respond in order to best serve their seller clients. In this heated market with limited supply, a purchase offer from a veteran with conventional financing will likely be selected over a veteran with VA financing because of appraisal delays and inflexible fees. NAR stands ready to work with the Veterans’ Administration (VA) to find solutions that will improve utilization of the VA home loan guarantee product.