A bill to amend chapter 37 of title 38, United States Code, to expand the housing loan program for veterans.

Makes eligible for the veterans' housing loan program an individual not otherwise eligible for such loan who has completed at least six years of service in the Selected Reserve and who, after completion of such service, was: (1) discharged honorably; (2) placed on the retired list; or (3) transferred to an element of the Ready Reserve other than the Selected Reserve after honorable service.

Requires such individuals to pay a housing loan origination fee of: (1) two percent of the total loan amount if no down payment is made; (2) 1.5 percent if a down payment of at least five percent of the total loan amount is made; and (3) 1.25 percent if a down payment of ten percent or more is made.