My husband and I received a preapproval letter in writing from our local NACA office. We believed we were ready to buy a house but they refused to submit a bank application when we went on paid maternity leave.
We explained our pay was unchanged and were able to show pay stubs substantiating level income however they refused to change their stance. After both of us returned to work on regular pay, we again thought we were ready to buy a home- they again denied us and said they require 30 days of regular pay check stubs.
We shared multiple lawsuits and rulings as well as excerpts directly from the Federal Fair Housing website that clearly shows denial based on maternity leave alone is a violation of federal law- they said they were exempt from this law. In the meantime, we have missed out on multiple home buying opportunities.
Product or Service Mentioned: Naca Mortgage.