Zillow research released this morning included some good news for minority applicants: Although Hispanic and black homeowners are still lagging behind white and Asian homeowners in the housing recovery, the denial rates for mortgages has decreased nationally.

  • The denial rate for 2014 conventional mortgage applications was 9.5 percent, down 0.3 percent from 9.8 percent in 2013.
  • For black applicants, the denial rate fell from 21.1 percent in 2013 to 18.4 percent in 2014 -- a 2.7-percent drop.
  • Bucking national trends, for white applicants, the denial rate actually rose from 7.2 percent in 2013 to 7.4 percent in 2014 -- a 0.2-percent increase.
  • For Hispanic applicants, the denial rate fell from 16.4 percent in 2013 to 14.2 percent in 2014 -- a 2.2-percent drop.
  • For Asian applicants, the denial rate fell from 12.8 percent in 2013 to 11.7 percent in 2014 -- a 1.1-percent drop.

Zillow research released this morning included some good news for minority applicants: Although Hispanic and black homeowners are still lagging behind white and Asian homeowners in the housing recovery, the denial rate for mortgages has decreased nationally.

Here’s how the San Francisco market ranked:

  • The denial rate for 2014 conventional mortgage applications was 9.5 percent, down 0.3 percent from 9.8 percent in 2013.
  • For black applicants, the denial rate fell from 21.1 percent in 2013 to 18.4 percent in 2014 — a 2.7-percent drop.
  • Bucking national trends, for white applicants, the denial rate actually rose from 7.2 percent in 2013 to 7.4 percent in 2014 — a 0.2-percent increase.
  • For Hispanic applicants, the denial rate fell from 16.4 percent in 2013 to 14.2 percent in 2014 — a 2.2-percent drop.
  • For Asian applicants, the denial rate fell from 12.8 percent in 2013 to 11.7 percent in 2014 — a 1.1-percent drop.

 

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