Bill · H.R. 3384· House(119-HR-3384)
Refinancing Relief for Veterans Act
- Introduced
- 5/14/2025
- Last activity
- 6/23/2025 — Referred to the Subcommittee on Economic Opportunity.
- Sponsored by
- Derrick Van Orden
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the "Refinancing Relief for Veterans Act," aims to change the way fees are handled for certain housing loans. It specifically targets interest rate reduction refinancing loans that are guaranteed, insured, or made by the Secretary of Veterans Affairs. The legislation proposes amending the loan fee table found in title 38 of the United States Code. These changes involve adjusting the fee amounts based on specific time periods.
Yes
Would veterans be better off under this, taking everything together?+5
The bill provides targeted fee reductions that lower refinancing costs for veterans during specific years.
Does this make housing cost less?+5
The bill provides temporary relief by lowering refinancing fees for veterans, aiding housing affordability.
Does this increase the pay, pensions or support veterans receive?+4
The bill reduces refinancing fees for specific periods, providing a financial benefit to veterans.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Lower fees for specific timeframes: Veterans may benefit from reduced costs when refinancing their loans. For example, the bill sets the fee at 0.25 for loans closed between December 31, 2025, and December 31, 2027, per Section 2.
Potential Negative Impacts for People
-
Increased fees in later years: The cost for refinancing could increase for those closing loans in the future. The fee is set to rise to 0.75 for loans closed between December 31, 2032, and December 31, 2035, according to Section 2.
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Fluctuating loan costs: The fee schedule changes multiple times over the coming years, which may create different costs depending on when a loan is closed. Under Section 2, the fees change from 0.50 to 0.25, then back to 0.50, up to 0.75, and finally back to 0.50 at different intervals.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Veterans+5
- Social Issues And Justice
- Improves Affordable Housing+5
- National Security And Foreign Policy
- Improves Veterans Benefits+4
- 6/23/2025
- Referred to the Subcommittee on Economic Opportunity.
- 6/11/2025
- Hearings Held by the Subcommittee on Economic Opportunity Prior to Referral.
- 5/14/2025
- Referred to the House Committee on Veterans' Affairs.
- Introduced in House