President signs Herrera Beutler bill

 


Bill waives funding fee on VA home loans for active duty service members wounded in combat, helping more military heroes achieve home ownership

U.S. Rep. Jaime Herrera Beutler’s bill to make home mortgages more affordable for active duty service members wounded in combat became law after receiving the president’s signature last Tuesday. Herrera Beutler’s bill was included in the Blue Water Navy Vietnam Veterans Act of 2019. Herrera Beutler’s legislation waives the funding fee for active duty Purple Heart recipients for loans guaranteed under the home loan program of the Department of Veterans Affairs (VA).

“We’re doing right today by our incredible military service members who, though wounded in combat, continue to fight for our freedom. I’m so pleased to see this legislation cross the finish line and be able to assist our nation’s heroes afford homes for their families,” Herrera Beutler said.

Currently, the home loan fee is only waived for veterans, or their surviving spouse, who are receiving VA compensation for a service-connected disability. Herrera Beutler’s bill would expand that waiver to include active duty service members who have been awarded a Purple Heart, saving them $4,000 – $10,000, depending on the size of their loan.


There are approximately 8,000 men and women serving in the U.S. Armed Forces who have been awarded a Purple Heart that could now be eligible for the home loan funding fee waiver.

Military Order of the Purple Heart (MOPH) National Commander Doug Greenlaw supports Herrera Beutler’s bill, saying: “Veterans who were disabled during their service are eligible to have their VA Home Loan funding fees waived, and rightly so. However, those who continue to serve in uniform after they were wounded in combat against the enemy must still pay the fee. To MOPH, this makes no sense. Congresswoman Herrera Beutler’s bill would finally correct this injustice by extending the waiver to all active duty Purple Heart recipients, providing a significant benefit to those who have already paid the price on the battlefield.”

 

Reader Comments
(0)

 
 

Powered by ROAR Online Publication Software from Lions Light Corporation
© Copyright 2019

Rendered 08/19/2019 16:07