LGBT Homeownership And Mortgages On The Rise Since Marriage Equality

As acceptance and equal rights become more recognized, the LGBT community is becoming more interested in real estate. According to a study done by the National Association of Gay and Lesbian Real Estate Professionals, the rise in LGBT home ownership is related to the legalization of same-sex marriage.

Prior to marriage equality, LGBT couples feared discrimination. This was confirmed by The U.S. Department of Housing and Urban Development (HUD) in 2013 when they released the results of a study that found straight couples were more likely to receive a response on their rental property application than were gay couples.

This same study also found that prospective LGBT homeowners in states with anti-LGBT discrimination laws experienced worse treatment than those living in states that didn’t offer protections at all.

Mortgages that were provided by the government attempted to protect LGBT home buyers before the 2015 marriage equality decision.

Since 2012, HUD ensured that its programs were open to “all eligible individuals and families regardless of sexual orientation, gender identity, or marital status.”

Recent reports of the Justice Department stating that major federal civil rights laws like Title VII  do not protect gay people. This is also the case if LGBT buyers choose to go through a private lender due to The Fair Housing Act only protecting people based on race, sex, and religion.  HUD’s Office of Fair Housing and Equal Opportunity does provide support for those who feel they may be facing discrimination – making homeownership an even greater possibility for LGBT couples than ever before.

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