On March 27, 2026, With Honor Action, along with Veterans Association of Real Estate Professionals, The American Legion, Blue Star Families, Iraq and Afghanistan Veterans of America, and National Association of Mortgage Brokers, sent a letter to Senator Tim Scott, Chair, Senator Elizabeth Warren, Ranking Member of the Senate Committee on Banking, Housing, and Urban Affairs, and Representative French Hill, Chair, and Representative Maxine Waters, Ranking Member of the House Committee on Financial Services on giving special consideration to the VA Loan Informed Disclosure (VALID) Act, H.R. 3694 / S.1932, which was included as Sec. 602 of the ROAD to Housing Act, and ensure it remains – in its entirety – in any final housing bill negotiations.
Dear Chairman Scott, Ranking Member Warren, Chairman Hill, and Ranking Member Waters,
We thank you for your thoughtful consideration as you’ve worked on your respective housing bills. We believe that the American people are best served by bipartisan, common-sense solutions, and we appreciate the way you have crossed the aisle to craft these bills to ensure Americans’ access to affordable housing.
As each Chamber works to resolve the differences between your respective bills, we ask that you give special consideration to the VA Loan Informed Disclosure (VALID) Act, H.R. 3694 / S.1932, which was included as Sec. 602 of the ROAD to Housing Act, and ensure it remains – in its entirety – in any final housing bill negotiations.
The Informed Consumer Choice Disclosure, which applies to FHA mortgages and conventional loans, does not require mortgage lenders to disclose the VA loan rate to eligible borrowers. The VALID Act solves this problem by requiring a side-by-side comparison of conventional, FHA, and VA home loans, enabling borrowers to fully understand their options and the resources available to them. It also ensures that the military service question on the Uniform Residential Loan Application form is required, so borrowers understand their available benefits from the start.
In 2024, more than 58,000 eligible VA borrowers did not utilize the VA home loan benefit, representing billions of dollars in potential homeownership opportunities that went unrealized. Today, only 10-15% of eligible veterans are using this benefit. Many service members and veterans are unaware of VA home loan options, and are often steered towards conventional mortgages due to incomplete information on their options. Billions of dollars are being left on the table, and veterans and service members remain unaware of this critical benefit that they have rightfully earned through their service.
For veterans and service members, the ability to purchase a home is more than just securing a roof over their heads; it is the cornerstone of the American Dream they swore an oath to protect. Homeownership provides a stable foundation that allows military families to build equity and achieve long-term financial security after years of transient service. By lowering barriers to entry and streamlining the VA loan process, Congress isn’t just facilitating a transaction—they are empowering veterans to establish generational wealth that will support their children and grandchildren for decades to come.
We appreciate the Committees’ bipartisan leadership and encourage you to include the VALID Act language in its entirety in any conferenced final bill text. Thank you for your time and consideration.