Created a 1%-down loan program for first-time buyers.

Bill Banfield knows that amassing enough money for a down payment is a major challenge for entry-level buyers. To help alleviate the problem he oversaw the 2015 launch of Quicken Loans’ 1%- down program in partnership with Freddie Mac’s Home Possible Advantage program, which provides a 2% grant to qualifying home buyers.

The loan will make homeownership more attainable for Americans who can’t afford traditional 3% down loans.