After I shared this, somebody asked me if this would create more sub-prime loans like in '08. The short answer is no, so long as credit, income, and ability to repay rules are followed. The biggest barrier to homeownership is asset qualification (assuming the buyer has good credit and job history). 

It's nice if buyers have a little skin in the game but let's get real. Combined with COVID, it's difficult for most families living paycheck to paycheck to save money for a down payment and closing costs. This new initiative will go a long way to increase homeownership rates for lower income buyers and help Bee achieve its mission to make homeownership more affordable for the average person. 

Homeownership is the foundation of the family and the reason America had such a thriving middle class. But that dream is fading for many people. We want to reverse this trend and give regular people a place they can really call home. 

At the end of the day, it's not enough to say we turned $1 into $2. Everybody wants profits. We can't live without them. But more importantly, we want to leave this place a little better than we found it. And what better way to do that then help people buy their first home. 

We are socially conscience, purpose driven capitalists, and that's our mission.