Data Shows Black Mortgage Applicants Are More Likely to Be Rejected

Data Shows Black Mortgage Applicants Are More Likely to Be Rejected

Specifically, in a survey home buyers took in 2019 and 2020, 10% of Black mortgage applicants were rejected. By contrast, only 4% of white applicants faced a similar fate, which means the rejection rate for Black buyers was 2.5 times higher. What's more, 41% of Black mortgage applicants felt they faced stricter borrowing requirements because of their race.