STOCKTON, CA - A Marine Corps veteran who would have never qualified for a home loan found something better-- a house with no mortgage.
Joshua Rodriguez, 27, took possession Thursday of a bank-owned homein Stockton's Weston Ranch, one of 1,000homes repossessed by Chase Bank that will be given away to needy veterans over a five-year period.
Bank of America and Wells Fargo have similar mortgage-free home programs for veterans.
Rodriguez, a Delta College student and father of four boys,got his Chase-owned home through Operation Homefront, one of several nonprofits working with the lenders.
"I have the best job in the world," said Operation Homefront case worker Amanda Shaunessy. "I fly around the country and find deserving families to give wonderful homes to."
Rodriguez will be responsible for property taxes, insurance and a home warranty and if he's able to keep up with those expenses, the deed will be formally transferred into his name in two years.
"It's pretty exciting," Rodriguez said.
More information on mortgage-free homes for veterans:
by George Warren, GWarren@news10.net