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At any given time, a multitude of U.S. military personnel are deployed overseas. Although far from home, it’s possible for active-duty military abroad to get a mortgage — a VA loan or other ...
The Servicemembers Civil Relief Act (formerly called the Soldiers' and Sailors' Civil Relief Act of 1940) (codified at 50 U.S.C. §§ 3901—4043) is a United States federal law that protects soldiers, sailors, airmen, marines, coast guardsmen, and commissioned officers in the Public Health Service and National Oceanic and Atmospheric Administration from being sued while in active military ...
The United States Housing and Economic Recovery Act of 2008 (commonly referred to as HERA) was designed primarily to address the subprime mortgage crisis. It authorized the Federal Housing Administration to guarantee up to $300 billion in new 30-year fixed rate mortgages for subprime borrowers if lenders wrote down principal loan balances to 90 ...
A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The program is for American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes, condominiums, multi-unit properties, manufactured homes and ...
When a military service member is on active duty -- anywhere from Afghanistan to Ft. Benning, Ga. -- a number of regulations protect the soldier in the event that anything goes wrong in a family's ...
VA loans are mortgages guaranteed by the U.S. Department of Veterans Affairs, available to eligible veterans, active-duty service members and surviving spouses.
The Military Spouses Residency Relief Act (MSRRA) signed into law on November 11, 2009, was originally introduced by Congressman John Carter (Texas) during the 110th United States Congress. The MSRRA was written to amend the Servicemembers Civil Relief Act (SCRA) to include protection of military spouses, with regards to voting, property and taxes, and provide equitable treatment of military ...
Making a down payment on a VA loan can help reduce your funding fee and monthly payments, and you’ll build equity in your home faster.