H.R. 4539 would amend title 38, United States Code, to make certain improvements to the housing loan benefit program of the Department of Veterans Affairs.

== Detailed Summary ==

<summary>
(Log inDepartment of Veterans Affairs Loan Guaranty Cost Reduction Act of 2007 - Increases the maximum guarantee amount regarding home purchase or construction loans to editcertain veterans.

Permits guaranteeing certain refinancing loans for 100% (currently, 90%) of reasonable value

Modifies requirements regarding the wiki andfees veterans pay for the loan guarantees.

Sets the maximum guarantee amount if the dwelling is determined by the Secretary of Veterans Affairs to be affordable housing and the veteran is the first to provide a detailed summary ofowner-occupant.

Allows amounts deposited in the bill!)existing Veterans Housing Benefit Program Fund that are not used for loan guarantees to be used to reduce loan closing costs.
</summary>

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== Status of the Legislation ==

<status>
Latest Major Action: 12/14/2007: Referred to4/16/2008: House subcommittee.committee/subcommittee actions. Status: Referred to the Subcommittee on Economic Opportunity.Hearings Held.
</status>

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== Points in Favor ==

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== Points Against ==

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