Despite the legalization of same-sex marriage in the US, a 2019 study found that same-sex couples are 73% less likely to be approved for a mortgage loan than heterosexual couples. They can also expect to pay higher interest rates. 26 US states lack housing protections for the LGBTQ+ community. The approval rate for same-sex marriage has increased from less than 40% in 2009 to 60% in 2019. The Netherlands was the first country to legalize gay marriage in 2001, and TV shows like Roseanne and Friends featured it in the mid-1990s.
In 2015, the US Supreme Court ruled that states do not have the right to ban same-sex marriage. However, while same-sex couples might be on equal footing with their heterosexual peers in terms of dating, they still find themselves on shaky ground when it comes to buying a home together. Same-sex couples are 73 percent less likely to be approved for a mortgage loan than heterosexual couples, according to a 2019 study from Iowa State University. The study also found that even though gay couples are considered “less risky overall” to lenders — meaning they are no more likely to default on loans and are less likely to prepay their mortgages — they can expect to pay between 02 and 2 percent. plus in interest on those loans. One of the study’s authors cautioned that, if nothing else, the findings strongly suggest the need for a formal investigation, noting that “potentially existing loan discrimination may reflect only one corner of the iceberg.” As of 2019, 26 U.S. states lack housing protections for members of the lesbian, gay, bisexual, and transgender community.
same-sex marriage:
In 2009, fewer than four out of 10 Americans approved of same-sex marriage; as of 2019, the percentage has risen to six out of 10.
The Netherlands was the first country to legalize gay marriage, in April 2001.
The television shows Roseanne and Friends featured gay marriage in the mid-1990s, nearly two decades before same-sex marriage was legalized in the United States.
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