What Your Mortgage Lender Can and Can’t Ask


When you’re looking for a lending solution, you may come across a number of questions, comments, paperwork, and effort. You have to target down a home that you like, get into a competition with other home-seekers to put a bid in, manage your finances and then there’s your mortgage lender storming you with all sorts of questions. Here are a few tips on what they may ask, a reason behind that question and what they probably won’t ask.mortgage

The first kind of probable question could be whether you are single, married, or divorced? It may sound absurd as it is very personal but your lending specialist has to get your answer to this question for many reasons. In case you’re married, your spouse’s income can add on to your household budget and credit, ensuring you a better loan. Another case could be that your spouse is a veteran or an active military member, qualifying you for a VA loan. If you happen to be divorced, then your loan specialist would want to ensure that child support, alimony, or any other debts by either party are accounted for.

The second probable question could be about your age. This question can go two ways: while it is not allowed to discriminate against the borrowers based on age, one must be at least eighteen years old to get a secured loan and take full responsibility for that debt.

Are you in good health? Nope! If your mortgage specialist asks you this question, find another one. The Equal Credit Opportunity Act prohibits making mortgage decisions based on the health status.

A question about a number of your children could also be asked. This is another important question that your loan consultant may ask, and it is well within his or her right to do so. The next question could be if you planning to have children? Unlike existing children, loan consultants are not allowed to ask about family planning. The next probable question could be about your ethnicity. Even though your loan specialist can ask this question, you may refrain to answer. By providing this information, you can help to fight patterns of discrimination but if you want to keep it to yourself, it is well within your rights.


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