A U.S. Army veteran and his family were presented with a mortgage-free home Wednesday, thanks to Wells Fargo and Operation Homefront.
Cody Hagerman enlisted in the Army in 2008 and expected to serve at least 20 years, according to a news release. But after a deployment to Iraq from 2009-2010 and injuries sustained during training, he decided "to hang up the boots" in 2014.
Since most of their families were in Vero Beach, the family decided to move back there but never realized their dream of owning their own home.
But through Operation Homefront’s Permanent Homes for Veterans program, Hagerman will work with an Operation Homefront financial counselor and a caseworker to build savings, reduce debt, and to grow relationships in the community, according to the news release. Once he and his family successfully complete the program, they will receive the deed to the home.
To date, Operation Homefront has worked with partners such as Wells Fargo to provide more than 600 military families with mortgage-free homes, worth a total of $90 million in home equity.