Active Servicemember Consumer Real Estate

Posted By: ComplianceNewby

Active Servicemember Consumer Real Estate - 08/18/16 02:50 PM

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.
Posted By: Andy_Z

Re: Active Servicemember Consumer Real Estate - 08/18/16 03:57 PM

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.