What type of activities might indicate discrimination in Home Mortgage Loans?
• You believe you are qualified for a conventional mortgage but the agent insists that an FHA loan is better. • The interest rate and points offered are much higher than current average. • The agent will not count income from sources other than your employment. • You have difficulty getting access to an agent. • The agent won’t return your phone calls and it is difficult to get information about the status of your application. • The agent is very discouraging or gives negative comments about your ability to qualify even though you believe you are qualified. • The mortgage company has a policy that eliminates your new home from a mortgage at that institution (for example: “We don’t give loans under $50,000”).
