Largest lenders deny home loans for Black applicants far more often than white applicants

Owning a home is widely considered one of the most important paths to wealth, but securing a mortgage or home equity loan is far more difficult in the Charlotte market for Black borrowers, according to a WCNC Charlotte analysis of the latest federal data.

The numbers show most of Charlotte’s largest lenders denied Black applicants two to three times more often than their white counterparts in 2018 and 2019.

Share This Post
Have your say!

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>