real estate


Question by  Jenno (57)

Where can I find a mortgage as a single mother?

Are there specific programs for single moms?


Answer by  patti (29325)

Lending institutions do not and cannot discriminate against applicants based on marital status/dependents/race/ethnicity/gender/age/etc. The only thing that matters is credit score and debt-to-income-ratio. The lender sets those standards and requirements. Your best bet is to research special community-funded opportunities in your area as well as HUD programs.


Answer by  whatsittoya (122)

You should be able to find a mortgage at any bank or credit union that provides mortgages. They don't care about your marital or parental status. They are only concerned with whether you can pay the money back or not. Go to any bank and ask for a loan. Then find a house you can afford to buy.


Answer by  Dean (4035)

It is against the law for lenders to favor any group of borrowers with regard to gender, ethniticy, marital status, children, religion, etc. There are no special "single mom" programs.


Answer by  withluck (1745)

There are no loan programs that are specifically for single mothers, but there are other programs that you may qualify for. There are plenty of first time buyer programs that will offer favorable rates and may offer some flexibility. There are also some loans that are for specific areas that might fit your needs.


Answer by  patti (29325)

Lenders are required to loan money based on credit-worthiness. One's gender, marital status, number of children, religion, ethnicity and politics are not considered. The only consideration is your credit history.

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