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LifeTimes
Fifty Something Women

Women Pay Higher Mortgage Rates

A study by the Consumer Federation of America shows that single women are the most likely to get subprime rates on mortgages.

Mortgage

What’s more, women are likely to receive subprime loans regardless of income level. Although, on average, women have better credit histories than men, they are more likely than men to receive more expensive mortgages. And the disparity rises as income levels rise. In the lowest income brackets the rate of women receiving subprime rate mortgages is only slightly higher than men, but women earning twice the median income are 28.1% more likely to receive a subprime loan.

Meanwhile, according to the Mortgage Bankers Association, it is these types of loans which become unsustainable and are most likely to fall delinquent or subject to foreclosure.

Women Most Likely to Receive Subprime Home Loans

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