Meritage Homes Extends Veteran Partnership, Donates 2 More Mortgage-Free Homes

Meritage Homes Corporation (NYSE:MTH) is one of the most undervalued US stocks according to analysts. Towards the end of May, Meritage Homes announced the extension of its partnership with Operation Homefront’s Permanent Homes for Veterans Program. This year marks the company’s 12th year of collaboration with the organization, bringing their total donations to 22 mortgage-free homes.

As part of this extended partnership, Meritage Homes will donate two brand-new, mortgage-free homes to veteran families. One home will be located in the Lorson Ranch community in Colorado Springs, Colorado, and the other in the River Glen community in Angier, North Carolina.

Meritage Homes Extends Veteran Partnership, Donates 2 More Mortgage-Free Homes

An employee of the company pointing out the features of a house to a first-time homebuyer.

These newly constructed homes feature open-concept floor plans with designer-curated interiors and a suite of energy-efficient features. This includes ENERGY STAR appliances, a multispeed HVAC system, and spray-foam insulation, contributing to lower utility costs for the families. Each home is also equipped with a smart home suite for convenient control of the thermostat and security devices via a mobile app. The military families to receive these homes will be announced in September this year.

Meritage Homes Corporation (NYSE:MTH) designs and builds single-family attached and detached homes in the US. It operates through two segments: Homebuilding and Financial Services.

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Disclosure: None. This article is originally published at Insider Monkey.