The Defense Credit Union Council (DCUC) encouraged lawmakers to protect funding for key Veterans Affairs home loan programs as the Senate reviews the agency's fiscal year 2027 budget.
In a letter submitted ahead of the appropriations hearing, DCUC called on the Senate subcommittee to support at least $905.7 million for the VA's Housing Credit Program Account, which funds loan guaranty and direct lending programs.
The group emphasized that credit unions play a critical role in helping veterans access homeownership through mortgage lending, financial counseling and direct deposit of VA benefits.
DCUC also urged lawmakers to preserve strong foreclosure-avoidance and loss mitigation tools, noting these programs help veterans remain in their homes during financial hardship.
In addition, the letter called for improvements to the VA home loan process, including reducing appraisal delays and addressing misconceptions that can make veteran borrowers less competitive in the housing market.
The group also highlighted the importance of expanding direct deposit programs, which improve access to funds while reducing fraud risks.
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