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Black-white mortgage denial gaps are widest in financially stretched markets

Zillow Research links much of the variation across markets to differences in applicant income and the share of applicants with very high debt burdens.

Reported · Written up by our desk · Mortgages

Zillow Research found that black-white mortgage denial rate gaps are largest in lower-income, less-expensive housing markets.

The firm said differences in applicant income and the share of applicants carrying very high debt burdens explain a meaningful share of the variation across markets, and that black applicants are denied mortgages at higher rates than white applicants in every one of the locations studied.

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