This is true. I applied for loans on a couple occasions, pre-approved, then they saw my ID ... They blamed it on inability to verify my income by phone (yet, I submitted paper paystubs, I guess they thought I was lying).. I was like, "why didn't you just give me the benefit of the doubt?" ...
Another time I went for refinance (where the black Sista gave me a hookup) , the white lady mumbles, "I can't see how you qualified for that" ...
Our ppl will give you a break, in my experience (on the other hand, some banks can be too conservative) ... In the case of mortgage, I highly suggest a black broker ...
BTW, these FICO scores are crazy .. I'm sure zip code is one of their parameters, they won't even deny it. Different companies use outdated versions , its crazy)
I heard about this company as well ...
Today we’ll take a look at “Legacy Home Loans,” a mortgage lender whose purpose is to increase homeownership rates for African American communities across
www.thetruthaboutmortgage.com
