5 banks that offer LGBTQ+ loans

Although homeownership options for LGBTQ+ couples remain limited, especially with joint home loans, there are still a few options. Many banks are now offering joint home loans to LGBTQ+ couples. Let's explore the details of what LGBTQ+ couples need to do to apply for a joint home loan and which banks offer them here.

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Can LGBTQ+ couples apply for home loans? How?

Regarding applying for a home loan alone, LGBTQ+ couples are just as eligible for home loans as men and women. Banks don't assess LGBTQ+ borrowers' risk profiles any more than men or women.

However, one problem that has prevented LGBTQ+ couples from purchasing a home has been the limited accessibility of home loans as joint borrowers.

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Why are LGBTQ+ couples unable to apply for joint home loans?

According to commercial banks, the reasons for previously being unable to grant loans to LGBTQ+ co-borrowers are various. Many banks provide consistent reasons: co-borrowers must be close relatives. They are related by blood, such as parents, siblings, or a married couple, whether registered or not.

Therefore, the main reason why joint loans for LGBTQ+ couples do not meet bank requirements is because LGBTQ+ couples cannot register their marriage and thus cannot have a legal relationship like a man and a woman.

However, many banks are now offering joint home loan opportunities for LGBTQ+ couples.

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Which banks can offer home loans to LGBTQ+ couples?

Currently, many banks are willing to approve joint home loans between LGBTQ+ couples, with different loan conditions, as detailed below.

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