Safeguard Properties and Freedom Alliance are working with banks and lending institutions to provide homes for military families without the burden of a mortgage.

Freedom Alliance will select qualified applicants to receive a home, while Safeguard coordinates with banks and lending institutions who wish to donate homes from their excess inventories.

The donated homes will go to Freedom Alliance, a charitable organization, as in-kind charitable contributions. Military families are matched with homes in their preferred geographic regions. 
Property preservationist Safeguard, along with vendors and community partners, will renovate the home and meet any handicapped accessible needs of the service member. After final due diligence procedures are completed, Freedom Alliance will gift the home to the military family.

“For military families, a permanent and paid-off residence provides stability and a place to call home for a family that has transferred from one duty station to the next over many years,” the companies said in a joint statement. “It is ‘a place of my own,’ for a service member who has traveled to remote areas of the world. It is a physical comfort for a retired warrior who previously slept in tents and foxholes.”

The program is open to troops who were wounded while deployed in support of Operation Enduring Freedom or Operation Iraqi Freedom. To qualify, the service member must be medically discharged or honorably retired from the military. And if approved, the service member must use the home as a primary residence and may not, at time of application, have another mortgage obligation.


Most Popular Articles

NAR bans “pocket listings”

The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”

Nov 12, 2019 By

Latest Articles

Uh-oh: Borrowers’ satisfaction with their lender is falling as originations rise

By all accounts, 2019 is going to end up being the best year for the mortgage business in at least three years, but is there appears to be a serious fly in the mortgage business’ ointment. A new survey shows that borrowers’ satisfaction with their lender dropped significantly in the second quarter as lenders struggled to deal with the surge in mortgage demand caused by falling interest rates.

Nov 14, 2019 By