Buying a Home
Assistance for Military Service Members
The Servicemembers Civil Relief Act is designed to help military service personnel qualify for loan modifications if they are facing financial distress. Some lenders offer reductions in interest rate to as low as 4%, and others offer an extension of loan terms and other programs to make it easier for service members to catch up on payments and keep their homes. If you know someone who serves in the military and is struggling financially, urge them to contact their lender for assistance.