Homeownership, and the stability that comes with it, is a key goal for many members of the United States military service. Seventy-five percent of military members and their families say that owning a home is one of their top priorities after returning from service, and 88% of veterans say that owning a home makes them feel safer, according to a 2013 Century 21 Real Estate survey of 437 military members and their spouses.
Financial institutions can do more to help military families achieve and maintain the dream of homeownership. For example, many active-duty service members are unaware of the housing-related protections to which they are entitled under the Servicemembers Civil Relief Act. Under the SCRA, certain financial obligations can be relieved, postponed or suspended when military members are called upon to serve their nation.