Skip to content
BOL Conferences
Thread Options
#2093952 - 08/18/16 02:50 PM Active Servicemember Consumer Real Estate
ComplianceNewby Offline
100 Club
ComplianceNewby
Joined: Feb 2014
Posts: 110
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.

Return to Top
Lending to Servicemembers (SCRA, JWNDAA), War, Terrorism
#2093987 - 08/18/16 03:57 PM Re: Active Servicemember Consumer Real Estate ComplianceNewby
Andy_Z Offline
10K Club
Andy_Z
Joined: Oct 2000
Posts: 27,748
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.
_________________________
AndyZ CRCM
My opinions are not necessarily my employers.
R+R-R=R+R
Rules and Regs minus Relationships equals Resentment and Rebellion. John Maxwell

Return to Top

Moderator:  Andy_Z