Racial disparities in loan denial rates at almost every income level

Racial and ethnic minority Virginians were more likely than non-Hispanic Whites to be denied mortgage loans even when applicants had the same income. For example, Whites making about $145,000 a year had a loan rejection rate of 2.8%. For African Americans in that income bracket, the denial rate was 9.7%. That was higher than the rejection rate for Whites with annual incomes around $35,000.

Chart: By Jeff South Source: 2019 Home Mortgage Disclosure Act Database Get the data