Home Affordability for Guard and Reserve Act

TL;DR (AI)

• The bill expands eligibility for housing loans guaranteed by the Secretary of Veterans Affairs to include certain reserve components and National Guard members with specific duties.
• It amends the definition of 'active duty' for housing loan purposes to include members of the regular and reserve components of the Armed Forces, as well as the Army National Guard and Air National Guard of the United States.
• The bill creates a new category of 'veteran' for housing loan purposes, including individuals with at least 14 days of active duty service who completed entry-level and skill training, but requires an additional loan fee.