Bipartisan Brown-Braun Bill to Support Veteran Homebuyers Passes Senate

WASHINGTON, D.C. -Today, U.S. Senator Sherrod Brown (D-OH), Chair of the Senate Committee on Banking, Housing, and Urban Affairs, and Senator Mike Braun (R-IN), announced Senate passage of their legislation to help inform veteran homebuyers of their eligibility for the VA Home Loan Program, which helps more veterans achieve the dream of homeownership.

"This is an important step toward making the dream of homeownership a reality for more military families and veterans. Ohioans who have served our country should have every opportunity to get the VA home loans they've earned," said Sen. Brown. "The House should quickly approve this bill so it can be signed into law."

"Those who have risked their lives for our freedom should be able to afford a house in the country they've sworn to protect. I'm glad that the Senate has passed this bill to inform Hoosier veterans of the benefits they that have earned and deserve," said Sen. Braun.

The VA Home Loan Program is the primary tool for helping veterans and their spouses achieve the American dream of owning a home. It offers veterans unique tools for financing their home purchases, including no down payment, no private mortgage insurance, and oftentimes lower interest rates than FHA loans. Despite these benefits, only 13% of veterans ever utilize their VA Home Loan benefit.

Senators Brown and Braun introduced the VA Home Loan Awareness Act in October. Full text can be found HEREand a one-pager can be found HERE.

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