Why Pride Lending For Your Home Loan?
Choosing the right lender can make all the difference, especially when you need someone who truly understands and supports you. At Pride Lending, we specialize in breaking down barriers that often stand in the way of homeownership for LGBTQ+ and BIPOC communities. With a commitment to fairness and inclusivity, we provide personalized service tailored to your needs, ensuring you feel empowered throughout the process. Our team works tirelessly to advocate for underserved borrowers, creating opportunities where others see obstacles. If you’re looking for a lender who puts people first and fights for your dream of homeownership, Pride Lending is here for you.
everyone is welcome here
Certain groups of borrowers face additional challenges when seeking mortgage products, including LGBTQ+ and BIPOC individuals. For example, same-sex couples are 73% more likely to be denied a home loan, despite being lower risk borrowers overall than mixed-sex couples.
BIPOC homeownership across all races is lower than their white counterparts; 1 in 4 mortgage applications from Black applicants are denied, compared to just 1 in 10 for white applications. When facing to so many institutional barriers, marginalized individuals need a strong advocate in their corner who will support them throughout the purchasing process.
We are an LGBTQ-positive business here to help our community afford homeownership while providing customized service and support. We work tirelessly to uplift underserved demographics that may be overlooked by the mortgage industry.
Advocacy and Leadership in the Industry
Our team has years of experience in matching LGBTQ borrowers with the right mortgage for their needs, helping them every step of the way. Maybe you need help deciphering discount points, such as how much one point will reduce your rate, or perhaps you want to understand the total cost of your loan. No matter what, we’re here to help you.
One of the most daunting parts of purchasing property is providing a down payment. If you provide 20% down, you can avoid private mortgage insurance and access lower rates, but this can be incredibly difficult for many individuals to secure, especially individuals from marginalized communities. As such, we can help you find products that only require 3% to 5% down.
We have a strong resource bank of local, state, and national assistance programs that can provide you grants and forgivable second liens to help make up the difference between what you have and what you need.
For returning customers, we will also provide you with excellent service throughout your homeownership journey. If you’re ready to refinance, we’ll help you review your options, including a rate-and-term refinance or cash-out refinance. You’ll enjoy the same prompt service and in-depth advice on your options.
the facts
did you know?
Competitive Rates & Fees
We want to reduce your costs as much as possible, finding products with the best interest rate and the lowest origination fee that match your needs.
Fast & Efficient Process
Our team knows that you’re busy, so we streamline the application process as much as possible. You can do everything online, including the application and all document signings. We’ll also schedule your closing as fast as possible - no waiting around!