Marriage equality makes getting a home loan a breeze.

Marriage Equality: How LGBTQIAN+ Couples Can Easily Get Home Loan Approved

Now that LGBTQIAN+ couples have equal status with heterosexual married couples, joint home loans are also possible without the complicated rules of the past. Here are 3 ways to easily get approved:

__________________________________________

1. Prepare Your Documents

The documents required for a joint home loan for LGBTQIAN+ couples are divided into 3 groups:

1) Identification documents of the loan applicant (including the co-borrower), such as national ID cards, house registration, marriage certificate, etc., both originals and copies.

2) Documents demonstrating financial capability, such as salary certificates, payslips, bank statements showing transactions for the past 6 months, etc.

3) Documents detailing the collateral.

__________________________________________

2. Joint Loans Increase Approval and Loan Amount

Joint home loans are a good option for LGBTQIAN+ couples, helping to increase loan approval and loan amounts, while also providing greater financial flexibility. LGBTQIAN+ couples can choose to have either one or two names on the property title, depending on the bank's regulations.

__________________________________________

3. Check the list of banks that offer financing for LGBTQIAN+ couples.

Currently, many banks offer home loan options specifically for LGBTQIAN+ couples, including Krungsri Bank, Siam Commercial Bank, Kasikorn Bank, and state-owned banks like the Government Housing Bank. The maximum loan amount depends primarily on the co-borrower's qualifications and the borrower's financial and occupational stability.

__________________________________________

Thanks for the helpful information from DD-Property.