http://www.chicagotribune.com/business/ct-freddie-mac-quicken-1021-20151020-story.html
Quicken Loans, the nation's largest online lender, and Freddie Mac
have announced a partnership that is expected to make it possible for
more individuals to buy homes with down payments as low as 3 percent.
Currently, many don't get loans because they don't fit limited
criteria. Under a pilot program, Quicken, which makes loans and sells
them to Freddie, will be adapting lending for unique circumstances, like
extended families that pool resources and live in a single home
together, said Chris Boyle, senior vice president for Freddie Mac.
"We
will be spending time with Quicken on outreach and counseling," she
said. Millennials may find it is less expensive to buy a home with a 3
percent down payment than to continue renting at today's high rents, she
said.
Millennial 1 ( Puffs on joint ) Dude did you hear you can now get a Mortgage with 3% down..
Millennial 2 ( Puffs on Joint ) Dude whats a Mortgage?
Mom, " Hey moron you gonna spend your whole day in the basement ".....again!
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