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Can they prevent my 81 yr old grandfather from getting a 30 year loan?

by jfriedl758 from Kerby, Oregon. Aug 12th 2020 Reply


Chris Barry (TheLoanDoctor)
#44 ranked lender in Oregon - 45 contributions

The Equal Credit Opportunity Act [ECOA], 15 U.S.C. 1691 et seq. prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, because an applicant receives income from a public assistance program, or because an applicant has in good faith exercised any right under the Consumer Credit Protection Act.So...No

Aug 12th 2020
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Bert Carpenter (BertCarpenter)
#1 ranked lender in Arizona - 2,300 contributions

Simple answer is NOPE. If one is telling you this, walk away. I'm Licensed in Oregon and would be willing to assist. As an FYI, I'm closing escrow on a 30-year fixed rate loan for an 83 year old woman next week. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in Arizona, California, Georgia, Oregon, and Washington. Need help in other states? We've got you covered. NEXA Mortgage is licensed in 46 states ~ www.ApplyYes.com 480-889-9000.

Aug 12th 2020
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