We were seeing too many people interested in home loans, who were qualified in every way with great credit scores. But they didn’t have enough money saved up for the 20% down payment required for a conventional mortgage loan.   To get the down payment, they would have to tap into their retirement accounts or borrow from a family member. This isn't ideal!   We also see Bay Area rents skyrocketing. Many people can actually afford the monthly mortgage (look at the amount of money being paid in rent each month!), but have a difficult time securing funds for the necessary down payment. We wanted to find a solution to this growing problem and help our community.   As San Francisco’s credit union of choice, we created a real solution for our community. Our “Proud Ownership Purchase Program for You,” or POPPYLoan, is our answer.