dcsimg
We research, you save.

Can my mortgage lender ask about my disability?

By   |  Posted in Ask The Expert

Q: A bank has asked for information about the nature of my disability before considering me for a mortgage loan. Do they have the right to do that?

A: The following comes directly from the U.S. Department of Justice’s “Guide to Disability Rights Laws”:

The Fair Housing Act, as amended in 1988, prohibits housing discrimination on the basis of race, color, religion, sex, disability, familial status and national origin. It is unlawful to discriminate in any aspect of selling or renting housing or to deny a dwelling to a buyer or renter because of the disability of that individual, and individual associated with a buyer or renter or an individual who intends to live in the residence. Other covered activities include, for example, financing, zoning properties, new construction design and advertising.

With regards to your disability, the mortgage lender cannot use any information you provide as a basis for denying credit. If you think this is the case or is likely to be the case, or have concerns about what information the lender is entitled to know, you should inquire or file a complaint online with HUD or file a complaint online or with the Federal Trade Commission.

More help from HSH.com

  • 7 reasons to refinance now

    Falling rates bring new chances for homeowners to refinance, while also allowing potential homebuyers to qualify for larger mortgage loans without increasing their monthly payment.
  • 12 essential tax questions for homeowners

    Knowing the answers to these 12 critical tax questions will help homeowners keep their tax bill as low as possible.
  • Mortgage Rates Radar 02/09/2016: Fixed Rates Fall to April 2015 Levels

    HSH.com releases its latest Weekly Mortgage Rates Radar showing that the 2016 downturn for mortgage rates continues unabated, as financial market turbulence and slow economic growth continue to drive rates downward. The Weekly Mortgage Rates Radar reports the average rates and points offered by lenders for the two most popular types of mortgages, the conforming 30-year fixed-rate mortgage and the conforming 5/1 adjustable-rate mortgage (ARM).
  • 12 ways to get the lowest mortgage refinance rates

    To get the lowest mortgage refinance rates, first prepare your finances and then shop for interest rates with certain strategies in mind. Here are 12 ways to ensure you lock in the lowest refinance rate possible.
  • How to avoid a VA foreclosure

    If you're in a VA mortgage and finding it increasingly difficult (or impossible) to make your mortgage payments, you'll need to take action if you want to keep your home from falling into foreclosure.