CU Members Mortgage, a housing finance firm which works with more than 1,000 credit unions, advises credit unions to offer mortgages carrying FHA insurance to attract Millennial home buyers.
Millennials are usually defined as those having been born after 1980.
The Dallas-based firm's senior vice president, Linda Clampitt, noted that people in this generation have generally put off purchasing a home as they have faced the challenges of starting careers and high student loan debt. But the years of waiting have begun to wear thin and this generation is starting to move.
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