“NAR is committed to ensuring veterans have continued access to the VA home loan and are supported with every opportunity to build on their service-earned skills and succeed in the workforce. Thank you for your leadership, and we look forward to working with you and the VA to find a permanent solution that benefits veterans,” the letter stated.
The VA Home Loan Guaranty is a unique government program that allows veterans to purchase a home without a down payment. In 2024, VA lenders provided financing for roughly 490,000 home purchases and refinances.
“The VA’s home loan guaranty is the only program that explicitly bans buyers from directly paying for professional real estate representation,” says Shannon McGahn, NAR executive vice president and chief advocacy officer. “We are grateful to the House of Representatives for passing this measure and allowing veterans and active-duty service members the same advantages as other buyers in a competitive real estate market.”Â
McGahn adds, “NAR remains committed to protecting the brave men and women who serve this country in the armed forces and ensuring they are given equal opportunities to achieve the American dream of homeownership.”