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#2093952 - 08/18/16 02:50 PM Active Servicemember Consumer Real Estate
ComplianceNewby Offline
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ComplianceNewby
Joined: Feb 2014
Posts: 109
Louisiana
Is there anything that states a maximum rate for an active service member getting a home loan? Everything I see is upon request for relief, not when they are initially applying.

Thanks.

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Lending to Servicemembers (SCRA, JWNDAA), War, Terrorism
#2093987 - 08/18/16 03:57 PM Re: Active Servicemember Consumer Real Estate ComplianceNewby
Andy_Z Online
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Andy_Z
Joined: Oct 2000
Posts: 27,502
On the Net
The new MLA (Oct 3, 2016) would be the closest but the dwelling loan will be exempt. SCRA doesn't impact rates of new loans to servicemembers, the MLA does, but again, that's the new rule and this should fit the exemption.
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