UMH Properties Offers Zero-Down Loans to U.S. Veterans

By Bobby Samwell • Friday, July 10 13:00 • Permanent Link

UMH Properties has launched a zero-down payment lending promotion for qualified U.S. veterans through its COP program with Triad Financial Services.

The new offer is designed to let veterans buy manufactured homes in land-lease communities with financing terms similar to current VA loan programs, according to the company. UMH said manufactured homes in these communities have not been eligible for VA loans.

The announcement comes from a company that owns and operates 145 manufactured home communities across 12 states. Those communities include about 27,100 developed homesites, with 11,200 of them occupied by rental homes, plus more than 1,000 self-storage units.

UMH also disclosed that its portfolio includes joint-venture interests in three communities: two in Florida with 363 sites and one in Pennsylvania with 113 sites. Following these announcements, the company's shares moved 0.03%, and are now trading at a price of $15.285. For more information, read the company's full 8-K submission here.

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