US Home Purchase Mortgage Loan Application Denials By Race and Ethnicity in 2024
According to data from US Home Mortgage Disclosure Act (HMDA), in 2024, out of 6,553,105 Home Purchase Mortgage Loan Applications, 621,707 were denied (i.e. 9.49%).
By Race: The White racial group had the highest percentage of the home purchase mortgage loan application denials (56.57%), followed by Uknown (17.10%), and Black or African American (15.12%).
By Ethnicity: The Non-Hispanic White ethnicity group had 39.74% of the home purchase mortgage loan application denials, and Hispanic or Latino ethnicity group had 21.07% of the home purchase mortgage loan application denials.
The charts below shows the percentage of the home purchase mortgage loan application denials by race and ethnicity; and the tables below shows the number and percentages by race and ethnicity.
| Race | Number of Denials | Percent of Total (%) |
|---|---|---|
| White | 351725 | 56.57 |
| Uknown | 106298 | 17.10 |
| Black or African American | 94000 | 15.12 |
| Two or More Races | 33114 | 5.33 |
| Other Race | 13965 | 2.25 |
| Asian | 13426 | 2.16 |
| American Indian or Alaska Native | 7488 | 1.20 |
| Native Hawaiian or Other Pacific Islander | 1408 | 0.23 |
| Ethnicity | Number of Denials | Percent of Total (%) |
|---|---|---|
| Non-Hispanic White | 247066 | 39.74 |
| Hispanic or Latino | 130989 | 21.07 |
