Washington Post: Same-sex couples applying for a mortgage face higher rejection and worse rates, study finds
Washington Post, April 17th, 2019: Same-sex couples applying for a mortgage face higher rejection and worse rates, study finds
Mortgage lenders are significantly more likely to deny same-sex couples a home loan and charge them more for it when they do, a new study has found.
Gay couples were 73 percent more likely to be denied a mortgage than heterosexual couples with the same financial worthiness, according to an analysis of national mortgage data from 1990 to 2015.
The study, published Tuesday in the Proceedings of the National Academy of Sciences, also found that when same-sex couples were approved for a home loan, they were given inferior terms. On average, they paid 0.2 percent more in interest and fees, which adds up to as much as $86 million a year, the researchers said in a news release.