Fleet Reserve Association

URGENT: Support The VA Home Loan Program Reform Act
The VA Home Loan Program Reform Act of 2025 (HR 1815), has passed the House and now awaits Senate approval. The VA Servicer Purchasing Program (VASP), which previously allowed veterans who missed three or more mortgage payments to refinance at a reduced interest rate, is no longer available, leaving veterans without a critical home retention tool. HR 1815 offers the best solution by establishing a partial claim program, enabling veterans to cover missed payments by adding them to the end of their loan term, aligning the VA Home Loan Program with other federal programs like those offered by the FHA.

The Fleet Reserve Association (FRA) and veterans nationwide support HR 1815 as a fair and sustainable way to prevent foreclosures. This program ensures veterans have access to the same home retention options as other homeowners, helping them maintain homeownership and financial stability in the face of high interest rates. The urgency of this legislation is critical to protect veterans from losing their homes.

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