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04.16.2019

Lower approval rates, higher finance fees evidence of discrimination for same-sex borrowers

By Angie Hunt, Iowa State University News Service

Applying for a mortgage is one of the first steps couples take when buying a home, but a new study suggests lenders are less likely to approve same-sex couples. Researchers in Iowa State University’s Ivy College of Business analyzed national mortgage data from 1990 to 2015 and found the approval rate for same-sex couples was 3 to 8 percent lower.