“Some feel it is Easier for a Man to get a Mortgage than a Woman”

“Some feel it is Easier for a Man to get a Mortgage than a Woman”



I was recently interviewed for a Ken Harney article that he wrote. https://www.washingtonpost.com/realestate/single-women-pay-mortgages-more-faithfully-than-men-yet-they-are-charged-more/2016/09/07/ce41bc02-744d-11e6-8149-b8d05321db62_story.html


The basic topic was single women compared to single men purchasing a home. In my mortgage practice I track everything, so I let Ken know that 26% of my business is single women purchasing homes compared to just under 20% for men.


As a result of his article, I got this inquiry from a single gal that wants to refinance the home she purchased earlier this year. Her email indicated that she believed that she had to go through more hoops than if she was a man buying a home.


I thanked her for the email and asked how she got my contact information:


Saturday Real Estate section in the Washington Post.  I am a single woman with a great salary, a pension and a low debt/income ratio.  I bought in March and felt like I was having to provide info that men with my numbers might not have to provide.  Looking to lower my interest rate and pay down principle- a bit.  Thanks


I sure do hope she is not accurate, but promised her she would have a great refinance experience.


 Image courtesy of MastIsolted/freedigitalphotos.net

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 10 commentsJoe Petrowsky • September 23 2016 06:09AM


She is lucky that she contacted you. I m sure you will do a great job for her.

Posted by Gita Bantwal, REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel (RE/MAX Centre Realtors) over 4 years ago

I agree with Gita and I hope she finds it is all equal, but who knows

Posted by Kristin Johnston - REALTOR®, Giving Back With Each Home Sold! (RE/MAX Realty Center ) over 4 years ago

By far my single women business outweigh single men as well.  And I got my mortgage easily as a single woman before Donald and I were married.  Heck I'm married, but I'm the only one on my business loan now... It's all about credit and income.

Posted by Tammy Lankford,, Broker GA Lake Sinclair/Eatonton/Milledgeville (Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668) over 4 years ago

The real question Joe Petrowsky  is...is it really harder ?  

Posted by Sally K. & David L. Hanson, WI Real Estate Agents - Luxury - Divorce (EXP Realty 414-525-0563) over 4 years ago

Good for you for being interviewed and for receiving an inquiry from a single woman to refinance. Many single woman are purchasing a home..they see the benefits of home ownership over renting.

Posted by Dorie Dillard CRS GRI ABR, Serving Buyers & Sellers in NW Austin Real Estate (Coldwell Banker Realty ~ 512.750.6899) over 4 years ago

Good morning Joe and Happy New Year. I have felt this way too but know you are the captain of integrity and business.

Posted by Sheila Anderson, The Real Estate Whisperer Who Listens 732-715-1133 (Referral Group Incorporated) over 4 years ago

Joe, there are all kinds of things we would never see or know about that take place behind the scenes. I hope she is not right about that too. 

Posted by Kathleen Daniels, Probate & Trust Specialist, Probate Real Estate (KD Realty - 408.972.1822) over 4 years ago

Joe I don't know where these assumptions come from.  The guidelines are clear and anyone who meets the guidelines whether they be male or female, young or old, black or white and every color in between has the SAME opportunity to get a mortgage.

Posted by George Souto, Your Connecticut Mortgage Expert (George Souto NMLS #65149 FHA, CHFA, VA Mortgages) over 4 years ago

An interesting perspective Joe Petrowsky and I hope that your tracking numbers hold true for the industry overall.

Posted by Lisa Von Domek, ....Experience Isn't Expensive.... It's Priceless! (Lisa Von Domek Team) over 4 years ago

It certainly used to be like that way back when, when I purchased my first home as a single mom. I remember asking them (the bank) what I needed to get a loan, and they wouldn't tell me. They wanted to see MY information first. Didn't work for me so I brought my (male) lawyer to the bank to ask my questions. That worked, and I got my loan.

Posted by Hella M. Rothwell, Broker/Realtor®, Rothwell Realty Inc. CA#01968433 Carmel-by-the-Sea over 4 years ago