Kirkland Lynch News Today : Breaking News, Live Updates & Top Stories | Vimarsana

saying a lot of white folks come in and buy homes from black people. yes, yes. and that is happening a lot. reporter: she believes one reason is that many people are trying to purchase a home using a fair housing administration or fha loan designed to help first-time home buyers. the downpayment is less. the credit score requirement is less. they allow you to have high debt. reporter: instead the loans are making it harder for some first-time buyers. it is a bit disheartening. reporter: kirkland lynch thought he d have no trouble buying a house in brooklyn. stellar credit, money for downpayment, preapproved mortgage from the bank. reporter: but after months of bidding none of his offers had been accepted and he thinks he knows why. some would see the fha loan and simply hey wouldn t get back to me. others would be overly intrusive of my financial situation. i do think they didn t want to do business with the type of loan. reporter: the gap in home ownership

Home buyersFha loanCredit score requirementKirkland lynchBrooklyn communityWouldn tHome ownership