Fair Access to Co-ops for Veterans Act of 2025

This bill revives and makes permanent the authority of the Department of Veterans Affairs (VA) home loan guarantee program to guarantee loans for a veteran’s purchase of stock or membership in a cooperative housing corporation (i.e., co-op) for the purpose of entitling the veteran to occupy a single family residential unit.

For purposes of the administration of such loans, the bill

• establishes a fee rate of the usual fee plus 3.25% of the total amount of the loan,
• treats such cooperative housing units as residential property for purposes of imposing restrictions and liabilities, and
• guarantees up to 25% of the amount of the loan for loans exceeding $144,000. 

Additionally, the bill requires the VA to advertise the availability of loan guarantees for cooperative housing unit loans, including by issuing guidance and notifying eligible veterans.