Broker Action Coalition
Senate Bill Would Raise VA Loan Fees on the Veterans Using Them
A major veterans bill is moving through Congress, and it does real good for the families who need it most. We support that. But Section 104 pays for it by nearly tripling the fee VA charges on IRRRL’s from 0.5% to 1.4%, and doubling the VA loan assumption fee.

You already know what that does to your borrowers. It guts the savings on a streamline, pushes recoupment past the point where a refinance makes sense, and hits active-duty members hardest since they're not exempt. A long-overdue benefit for one group of veterans shouldn't be funded on the backs of another.

We're not opposing the bill. We're asking the Senate to keep the benefits and fix the funding. If an offset is needed, it should come through appropriations or DoD, not a housing program that veterans pay into themselves.

Contact your Senators today and urge them to support the benefit expansion while removing the VA loan fee increases from the final legislation. We've drafted a letter to your Senators. Click below, it routes to both based on your address, add a line if you'd like, and send.

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