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Refinancing Relief for Veterans Act
To amend title 38, United States Code, to adjust fees for interest rate reduction refinancing housing loans guaranteed, insured, or made by the Secretary of Veterans Affairs.
Summary
- Reduces the VA interest rate reduction refinancing loan fee to 0.25 percent for loans closed between December 31, 2025 and December 31, 2027.
- Maintains the VA interest rate reduction refinancing loan fee at 0.50 percent for loans closed between August 1, 2025 and December 31, 2025.
- Sets the VA interest rate reduction refinancing loan fee at 0.50 percent for loans closed between December 31, 2027 and December 31, 2032.
- Increases the VA interest rate reduction refinancing loan fee to 0.75 percent for loans closed between December 31, 2032 and December 31, 2035.
- Restores the VA interest rate reduction refinancing loan fee to 0.50 percent for loans closed on or after December 31, 2035.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
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Rep. Van Orden, Derrick (R-WI) [#3]
Money behind the sponsor
Top reported contributors to Derrick Van Orden’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- MARQUIS MANAGEMENT INC. $39,600
- Employer not reported $36,415
- EDW. C. LEVY CO. $21,564
- ORAL SURGERY CLINIC OF LACROSSE $14,730
- BRODIE GENERATIONAL CAPITAL PARTNERS $13,200
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Derrick Van Orden → · Outside spending →
Actions (4)
- Jun 23, 2025 Referred to the Subcommittee on Economic Opportunity. · house
- Jun 11, 2025 Hearings Held by the Subcommittee on Economic Opportunity Prior to Referral. · house
- May 14, 2025 Referred to the House Committee on Veterans' Affairs. · house
- May 14, 2025 Introduced in House
More bills on these subjects (8)
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Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
May 14, 2025
Mr. Van Orden introduced the following bill; which was referred to the Committee on Veterans’ Affairs
A BILL
To amend title 38, United States Code, to adjust fees for interest rate reduction refinancing housing loans guaranteed, insured, or made by the Secretary of Veterans Affairs.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Refinancing Relief for Veterans Act”.
SEC. 2. ADJUSTMENT OF FEES FOR INTEREST RATE REDUCTION REFINANCING HOUSING LOANS GUARANTEED INSURED, OR MADE BY THE SECRETARY OF VETERANS AFFAIRS.
The loan fee table in section 3729(b)(2) of title 38, United States Code, is amended by striking the row in subparagraph (E) (relating to interest rate reduction refinancing loans) and inserting the following:
“(E)(i) Interest rate reduction refinancing loan 0.50 0.50 0.50 (closed on or after August 1, 2025, and before December 31, 2025)
(E)(ii) Interest rate reduction refinancing loan 0.25 0.25 0.25 (closed on or after December 31, 2025, and before December 31, 2027)
(E)(iii) Interest rate reduction refinancing loan 0.50 0.50 0.50 (closed on or after December 31, 2027, and before December 31, 2032)
(E)(iv) Interest rate reduction refinancing loan 0.75 0.75 0.75 (closed on or after December 31, 2032, and before December 31, 2035)
(E)(v) Interest rate reduction refinancing loan 0.50 0.50 0.50”. (closed on or after December 31, 2035)
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