Understanding Fair Housing Laws in Mortgage Lending

Introduction

Homebuyers and refinancers are protected by fair housing laws when applying for mortgages. However, discriminatory lending practices still exist.

What is Mortgage Discrimination?

It occurs when a lender unfairly denies or alters loan terms based on:

• Race or ethnicity
• Gender or marital status
• Disability status
• Age or religion

Signs of Unfair Lending Practices

🚩 Higher interest rates for certain borrowers
🚩 Being denied a loan despite qualifying
🚩 Pushing you toward high-risk loans
🚩 Refusing to explain loan denials

How to Protect Yourself

1. Compare multiple lenders – Don’t settle for the first offer.
2. Request written explanations for loan denials.
3. Report discrimination to the Consumer Financial Protection Bureau (CFPB).

Conclusion

Lenders must follow fair housing laws. If you suspect discrimination, stand up for your rights and report it.