The Supreme Court decision making same-sex marriage legal nationwide will boost the mortgage demand as it provides gay and lesbian couples with more financing opportunities and stronger joint property rights.
The Supreme Court decision could spur not only more purchase lending, but also more refinancing, line of credit, among other helping to them to plan and build wealth.
Married same-sex couples also will have more access to the Department of Veterans Affairs mortgage program, said Gary Boyer, a mortgage loan officer at a brokerage in Portland, Ore.
“This has big implications as far as federal agencies. The VA, for example, has honored a same-sex spouse in states where marriage was legal, but did not honor same-sex spouses in states where it was not yet legal. Any veteran will now be able to have their same-sex spouse on the mortgage with them,” he said. Congratulations!