Bill to help active service members get home loans passes the Senate

Bill to help active service members get home loans passes the Senate

June 14, 2019

The U.S. Senate Wednesday night passed the Blue Water Navy Vietnam Veterans Act of 2019, which included Southwest Washington Congresswoman Jaime Herrera Beutler’s bill to make home mortgages more affordable for active duty service members wounded in combat.

The measure now moves to President Trump’s desk for a signature to become law.

The 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, according to a press release.

Currently, the home loan fee is only waived for veterans, or their surviving spouse, who are receiving VA compensation for a service-connected disability, according to Herrera Beutler’s office. Under the new legislation about 8,000 men and women serving in the U.S. Armed Forces who have been awarded a Purple Heart could now be eligible for the home loan funding fee waiver.

“It’s an honor to assist our military service members on the home front as they fight for our freedom on the front lines. Helping Purple Heart recipients and their families achieve the dream of home ownership is one thing we can do to repay them for their service,” Herrera Beutler said in a prepared statement. “I’m thrilled Congress passed this legislation to honor the tremendous sacrifice of those who continue to serve our country, even after being wounded in combat, and I look forward to the president signing it into law in the coming days.”

The Purple Heart is awarded to U.S. military personnel wounded or killed while serving on or after April 5, 1917.

. Read the article here.

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