CONGRESSMAN MOYLAN WORKS ACROSS THE AISLE; CO-LEADS BILL TO REFUND VA HOME LOAN FEES FOR DISABLED VETERANS

(Washington, D.C.)- Congressman James Moylan and Rep. Mike Levin (CA-49) have reintroduced the Veterans Assistance for Loan Origination Relief (VALOR) Act,a bipartisan measure to ensure disabled veterans are not unfairly charged VA home loan funding fees due to delays in the disability rating process.

This bill will ensure that disabled veterans are not forced to pay VA home loan funding fees simply because the VA has not finished processing their disability rating. Under current rules, a veteran can file their disability claim or intent to file on time, purchase their home, and only later receive their rating-leaving them stuck paying a fee they should have been exempt from. The VALOR Act fixes this by requiring the VA to treat that fee as an overpayment and refund it automatically once the disability rating is approved, shifting the burden on the agency rather than the veteran.

Guam's extremely high housing prices make homeownership unattainable for many veterans. Thousands of dollars in VA funding fees can be added to the cost of purchasing a home, stretching limited family incomes even further. The VALOR Act removes unnecessary financial barriers, putting money back in veterans' pockets and giving them a more affordable and equitable path to securing a home.

"I've heard personally from veterans who were proud to finally be in a position to buy a home, only to learn later that they'd been charged a fee they never should have owed. It's frustrating, and it's unnecessary,"said Congressman Moylan. "These are men and women who served our country, followed the process, and still ended up paying more because their disability rating came through after the fact. That's a gap in the system, and it's one we can fix. I'm proud to co-lead the VALOR Act with Congressman Mike Levin to ensure that our veterans aren't penalized for administrative delays and that their benefits reflect the service they've given."

The Congressman will continue working with colleagues on both sides of the aisle to advance the bill and deliver this commonsense relief to veterans and transitioning service members.

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