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Protections for servicemembers and veterans

Your current or past military service provides you with benefits and protections that could help if you’re struggling to pay your mortgage.

If you took out a mortgage loan before entering the military, the Servicemembers Civil Relief Act (SCRA) requires your lender to get a court order before it can foreclose on your home. This protection applies while you are serving in the military and for one year after you complete your service. See more details about this protection.

Option for reduced interest on pre-military loans

If you took out a mortgage before your military service started, and your interest rate is higher than 6 percent, you could qualify for a reduction through the Servicemembers Civil Relief Act. Your interest rate is capped at a maximum of 6 percent during your military service and for one year after completing active service. See more details about reducing interest rates.

Option for reduced interest refinances on VA loans

Homeowners with current VA loans are eligible for an interest-rate reducing refinancing loan and may wish to consider these loans if mortgage interest rates are low. This loan allows you to replace your current VA loan with a loan at a lower interest rate, as long as you currently live in or used to live in the home. Find out more about this refinancing option .