between black and white americans has widened to 30% and with the average black family having far less generational wealth the fha loans are meant to help shrink the gap. there is a great divide in how people are able to buy new homes. data from a realty association shows 53% of black home buyers used fha or va loans while only 23% of white home buyers did. it is legal for sellers to factor in the type of loan a buyer is using. fha loans can come with too many strings. there are federal guidelines the property has to meet certain standards. they are required to meet the appraised price. reporter: despite the road blocks lynch says he plans to keep up the search. it is about faith really. you know, not giving up and just really having faith that something will come through in the long run. reporter: aaron gilcrest, nbc news, new york. when we come back we ll tell you what when we come back we ll tell you what (vo) while you may not be running an architectural firm,
Transcripts for FOXNEWS The Story With Martha MacCallum 20210309 20:11:15
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