Can my mortgage lender ask about my disability?
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
HSH.com on the latest move by the Federal ReserveThe Federal Reserve concluded a meeting today with a quarter-point change to the federal funds rate to a range of 1.25 to 1.5 percent.
Is your VA mortgage refi a 'churn'?Veterans have been lured into refinancing their VA-backed loans multiple times with promises of savings that never materialize.
Home price recovery index: Which metros have improved the most, least?Have home prices in your area fully recovered from the declines suffered during the Great Recession, or are they still struggling to make it back to the peak it reached before the crisis?
The salary you must earn to buy a home in 50 metrosHere’s how much salary you would need to earn in order to afford the median-priced home in your metro area.
10 metros where a home costs about $1,000/monthHSH.com identifies 10 metro areas where you can afford the principal, interest, taxes and insurance payments on a median-priced home for only around $1,000 per month.