NAR Support letter to Representatives Kilmer, Veasey, and Reschenthaler Regarding HR 8616 VA Loan Informed Disclosure Act of 2022

On August 16 NAR sent a letter to Representatives Kilmer, Veasey, and Reschenthaler.

 

The letter expresses NAR's support HR 8616, the VA Loan Informed Disclosure Act of 2022, and thank each of you for your continued work to ensure the VA home loan guaranty program remains a viable financing option for veterans. The VA home loan guarantee program has been successful in raising the homeownership rate for veterans to more than 75%, a level much higher than the national average . However, some veterans are not aware of their VA home loan benefit, and increasing transparency and visibility is critical to the success of the program. 

 

The VA home loan guarantee program is a vital homeownership tool that provides veterans with a centralized, affordable, and accessible method of purchasing homes as a benefit for their service to our nation. The 1.5 million members of the National Association of REALTORS® thank you for this legislation and look forward to working with you towards its passage.