Assistance for Military Families
What benefits are provided by SCRA?
SCRA Benefits
Reduction or Limits on Interest Rates
Active duty service members can reduce the interest rate on pre-existing loans to a maximum of 6%, including fees. This rate applies for the duration of active duty plus 12 months.
Protection from Foreclosure
The SCRA prevents foreclosure without a court order during active duty and extends 12 months beyond service.
Eligibility
You may be eligible for SCRA benefits if you are…
- A member of the U.S. Armed Forces, Army National Guard or reserves.
- An active service member of the U.S. Public Health Service or NOAA.
- A spouse or dependent of active duty service members with joint account obligations.