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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 ....
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The Resilience of New York's Black Homeowners - The New York Times nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.