Ann Arbor Real Estate Talk

This came to my attention when Realtor Magazine posted this article on Pregnant woman being denied loans.

Then my friend Erica Ramus posted about it on Active Rain, but not at the mortgage application but near the end of the loan approval process.

Thankfully HUD announced they were going after the banks that were doing this in their weekly update:

HUD Secretary Shaun Donovan said, “Lenders have every right to ascertain the incomes of families to determine whether they are eligible for a mortgage loan but they have no right to use a pregnancy or a short-term disability as a cause to deny that family a mortgage they would otherwise qualify for. Having a child should be a time for a family to celebrate and must not be a cause for unfair lending practices.”

If this happens to you, please get up and walk away. We have good local Ann Arbor Area lenders who would not discriminate against pregnant or or “hope to be” pregnant woman.

You can also contact: Brian Sullivan, HUD
(202) 708-0685

Flickr photo credit

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