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Posts Tagged ‘military veterans’

Modular Homes on Deck for Homeless Vets?

October 30th, 2014 Comments off

modular_Healthy_buildings_CA__credit_north_bay_business_journalAccording to 10news, San Diego County in California has approximately 2,000 homeless military veterans and many more who are low income. V Micro Communities President Bill Rigdon says he can build a 140 modular unit rental development in nine months, but permits through the city could take three years.

Rigdon has asked Mayor Kevin Faulconer’s office for assistance in speeding up the process; but the city says Rigdon has not begun the process yet.

Rigdon says the multifamily modular homes would include garages and yards, and as MHProNews understands, the housing would be reserved for military veterans. ##

(Photo credit: northbaybusinessjournal – California ‘healthy’ modular home)

matthew-silver-daily-business-news-mhpronews-com(Submitted by Matthew J. Silver to Daily Business News-MHProNews)

Manufactured Home Purchases Available for Military Veterans

June 4th, 2014 Comments off

According to themortgagereports.com, Veterans Administration (VA) loans for buying a home through the Department of Veterans Affairs are often the least expensive route for homeownership for current and former U. S. military personnel. VA loans allow up to 100 percent financing with no required mortgage insurance and can be used to buy manufactured homes (MH). The program, which has helped millions of veterans and service personnel in the last 70 years, covers primary residences, not investment property or second homes. The VA does not make the loan, it only insures a portion of the loan, MHProNews has learned. The VA Guaranty gives lenders the backing to offer 100 percent LTV (loan-to-value) mortgages to qualified borrowers, but lenders have to meet certain guidelines set by the VA. Qualified borrowers can often obtain mortgage rates lower than those offered by Fannie Mae and Freddie Mac. ##

(Image credit: theblaze.com)