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VA RIN: 2900-AS08 Publication ID: Spring 2025 
Title: Loan Guaranty: Adjustable Rate Mortgages, Hybrid Adjustable Rate Mortgages, and Temporary Buydown Agreements 
Abstract:

The Department of Veterans Affairs (VA) amends its rules on interest rates for adjustable rate mortgage (ARM) loans and hybrid adjustable rate mortgage (h-ARM) loans. This rule will ensure VA's existing interest rate regulation reflects current statutory requirements regarding these loans, in a way that makes the loans a more viable, safe product for Veterans. This rule will also solidify requirements for temporary buydown agreements to help Veterans temporarily reduce their interest rates and, in effect, lower their monthly mortgage payments for a specific period of time.

 
Agency: Department of Veterans Affairs(VA)  Priority: Other Significant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Long-Term Actions 
Major: No  Unfunded Mandates: No 
EO 14192 Designation: Other 
CFR Citation: 38 CFR 36.4312    38 CFR 36.4301   
Legal Authority: 38 U.S.C. 3707    38 U.S.C. 3707A    38 U.S.C. 501    5 U.S.C. 605(b)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  06/21/2024  89 FR 51995   
NPRM Comment Period End  08/20/2024 
Final Action  To Be Determined 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Information URL: www.regulations.gov  
RIN Data Printed in the FR: No 
Agency Contact:
Stephanie Li
Assistant Director for Regulations, Legislation, Engagement, and Training
Department of Veterans Affairs
Veterans Benefits Administration, 810 Vermont Avenue NW,
Washington, DC 20420
Phone:202 461-9700
Email: stephanie.li@va.gov