Help for Military Homeowners

According to a new settlement, some Servicemembers and Veterans may receive housing relief. Relief could affect those who were:

• Wrongly foreclosed upon
• Wrongfully denied the opportunity to reduce their mortgage payments through lower interest rates
• Forced to sell their homes for less than they were worth due to a change in station

As part of an effort to reduce barriers and costs for refinancing, FHA will cut its fees for refinancing loans already insured by FHA. An estimated 2-3 million borrowers could be eligible for this savings.