The Service Members Civil Relief Act (SCRA) provides certain protections for service members if the mortgage was taken out prior to entrance into active duty, including maximum interest rate of 6% during the term of active duty and protection from foreclosure unless specifically authorized by a court.
Click here to see if you are eligible to buy a home using a down payment assistance program. Best home loans for single moms. No matter where you live, there are several mortgages to look into if you’re a single mom. Each have low down payment requirements, less strict credit requirements, and/or different mortgage insurance requirements.