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Ethnic and Minority Home Buyers
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Get a mortgage you can feel good about from the partners you can trust!
We qualify using a "blind" process that encrypts any personally recognizable information, making it impossible to discriminate.
We always try to qualify you for the less expensive prime loans first.
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The Federal Reserve Board of Governors (US banking regulators) staff researchers have determined in the first 2 reporting years, 2004 and 2005, under the Home Mortgage Disclosure Act triggered loan reporting (HMDA) that African American and Latino borrowers are receiving high cost loans at a rate that is 3 to 4 times higher than Caucasian borrowers. It is unclear why lenders are charging minority applicants more for these “high cost loans” than Caucasian applicants. What is clear is that Mortgage Grader makes it impossible for lenders to judge you by anything beyond the numbers.
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Some lenders add fees, increase rates or deny mortgages for certain individuals for properties in particular neighborhoods to make it harder for minorities or certain ethnic backgrounds to get a mortgage.
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While our nation's Fair Housing laws are clear about discrimination against home buyers regardless of race, creed, color, or sexual orientation, the distinctions are not as clear when dealing with lenders for a home mortgage.
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Count on Mortgage Grader to be your trusted partner in shopping for a mortgage. We provide equality to your mortgage application and help you get the house of your dreams. We will work with you to find ways to qualify you for lower-cost prime loans. You will get objective advice on your best and most flexible mortgage options, no matter what your income, credit history, or neighborhood. |
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FAQs for Minority or Ethnic Homebuyers
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 Getting Started
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| Contact Us
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States That We Serve
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It Pays to Shop
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 Ethnic and Minority Home Buyers
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First Time Buyers Program
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| Patent Number 7,366,694 © 2007 Mortgage Grader. All Rights Reserved |
Real Estate Broker, California Department of Real Estate License #01517123
Florida Correspondent Lender License CL 0703795
Idaho Mortgage Broker/Lender License No. MBL-5977
New York Registered Mortgage Broker #205938
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