Fair Lending Policy
Updated February 27, 2025
At Pride Lending we are committed to providing fair and equal access to mortgage lending opportunities for all individuals, regardless of race, color, national origin, religion, sex, familial status, disability, age, marital status, sexual orientation, gender identity, or any other protected characteristic under federal, state, or local laws. We adhere to all fair lending laws and ensure that our lending practices promote inclusivity, transparency, and equal access to credit.
Our Commitment to Fair Lending
Pride Lending follows all applicable fair lending laws and regulations, including:
- Equal Credit Opportunity Act (ECOA) – Prohibits discrimination in credit transactions.
- Fair Housing Act (FHA) – Protects borrowers from discrimination in housing-related transactions.
- Home Mortgage Disclosure Act (HMDA) – Promotes transparency in mortgage lending data.
- Community Reinvestment Act (CRA) – Encourages lenders to meet the credit needs of all communities, including underserved areas.
Our team is dedicated to ensuring that every borrower has an equal opportunity to access financing without bias or discrimination.
Key Principles of Our Fair Lending Policy
Equal Access to Credit
We evaluate all loan applications based on creditworthiness, financial qualifications, and ability to repay. We do not consider non-financial factors that could result in unfair treatment.
Consistent and Transparent Lending Practices
Our underwriting guidelines, loan terms, and pricing are applied consistently to all applicants. We provide clear disclosures about loan options, interest rates, and fees, ensuring transparency in every transaction.
No Steering or Discriminatory Practices
We do not engage in steering (directing applicants to specific loan products based on demographic factors) or any other discriminatory lending practices. We ensure that all applicants have access to a full range of mortgage products suited to their financial needs.
Diversity & Inclusion in Lending
We support homeownership opportunities for underrepresented communities, including LGBTQ+ and BIPOC borrowers, and actively work to close the homeownership gap. We provide education, resources, and access to assistance programs to help make homeownership more inclusive.
Employee Training & Compliance
All Pride Lending employees and loan officers undergo regular training on fair lending laws, regulations, and ethical lending practices. We maintain strict compliance monitoring and reporting to prevent unfair or discriminatory lending behaviors.
Reporting Discrimination or Concerns
We take fair lending seriously. If you believe you have experienced discrimination in the lending process, we encourage you to report your concerns to us directly or to the appropriate regulatory agency:
- Consumer Financial Protection Bureau (CFPB) – www.consumerfinance.gov
- Department of Housing and Urban Development (HUD) – www.hud.gov/fairhousing
- Federal Trade Commission (FTC) – www.ftc.gov
Contact Us
If you have any questions about this Fair Lending Policy, please contact us at info@pridelending.com or by filling out our contact form.
Policy Updates
Pride Lending reviews and updates this Fair Lending Policy regularly to ensure continued compliance with all regulations and to strengthen our commitment to equal lending opportunities. Any updates will be posted on this page with the “Updated” date.