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H.R.4884 / 110th Congress

Helping Our Veterans to Keep Their Homes Act of 2008

Ordered to be Reported (Amended) by Voice Vote.

Official summary

Version 00 · Introduced in House · Dec 19, 2007

Helping Our Veterans to Keep Their Homes Act of 2008 - Increases from 90% to 100% of the reasonable value of a veteran's dwelling or farm residence the amount of the loan to be guaranteed or made in the case of a loan to refinance certain loans.

Repeals the current fee schedule with respect to veterans' housing and small business loans. Changes the loan fee for such loans to 1% of the total amount of the loan guaranteed, insured, or made, or in the case of a loan assumption, the unpaid principal balance of the loan on the date of the transfer of the property.

Extends the demonstration projects involving: (1) adjustable rate mortgages through FY2018; and (2) hybrid adjustable rate through FY2012.

Increases the maximum loan guaranty amount of the Federal Home Loan Mortgage Corporation (Freddie Mac) conforming limit limitation determined for a single-family residence, as adjusted for the year involved.

Provides for an annual inflation increase in home loan guaranty amounts.

Directs the Secretary of Veterans Affairs to review and streamline the process of guaranteeing home loans for the purchase of a condominium.

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Who introduced it

Rep. Filner, Bob [D-CA-51] · D–CA

Committees

  • Veterans' Affairs Committee
27 cosponsorship records, including any withdrawals

Actions

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  1. Ordered to be Reported (Amended) by Voice Vote.

  2. Committee Consideration and Mark-up Session Held.

  3. Forwarded by Subcommittee to Full Committee by Voice Vote .

  4. Subcommittee Consideration and Mark-up Session Held.

  5. Subcommittee Hearings Held.

  6. Referred to the Subcommittee on Economic Opportunity.

  7. Referred to the House Committee on Veterans' Affairs.

  8. Introduced in House

  9. Introduced in House

Bill text & related measures

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Related bills identified by Congress.gov

Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.

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Objective

Analyze H.R.4884 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Progressive lens

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Institutions and government scope

Conservative lens

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Individual rights and government power

Liberty lens

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