In 49 States, Women Pay Higher Mortgage Rates Than Men

Dated: March 10 2021

Views: 102

Study: A mortgage tech company, Own Up, says women still face housing discrimination and received a lower mortgage rate than men in only one state: Alaska.

SAN FRANCISCO – New data collected by mortgage tech company Own Up suggests that women still face significant discrimination when it comes to home financing.

Using Home Mortgage Disclosure Act data for 2019, Own Up compared median interest rates by gender and state on a 30-year, fixed-rate loan. They assumed an average loan size of $354,000 and prime rate of 3%.

For the data pool from 2019, a total of 2.7 million women acquired loans, and a total of 5.8 million men acquired loans. Out of all 50 states, only in Alaska were women given mortgage rates lower than those given to men. In that state, women received an average mortgage interest rate of 3.21% compared to men’s average of 3.23%.

That means that over the life of this specific loan, the average Alaskan woman will save $1,656 compared to the average man with the same loan size.

Florida ranks fourth on the list of states where women overpay most on a mortgage. In Own Up’s analysis, Florida women are charged an average mortgage rate of 3.46% compared with an average of 3.38% for men. Over the life of the loan, Florida women pay about $5,591 more.

Source: Inman (03/03/21) Dickerson, Lillian

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This is unacceptable. I can't believe that "Florida ranks fourth on the list of states where women overpay most on a mortgage". Ladies, as a women REALTOR, when you hire me, I will do my best to guide you through the mortgage process by referring you to professional mortgage companies. Hopefully they will walk you through the process and work in your best interest. Reach out to Real Estate Agent Roxanne Dixon in South Florida at

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Roxanne Dixon

Highly motivated Real Estate Agent with over 8 years of diverse experience in residential(Purchase/Sale), commercial and investment(Annual Rental, Airbnb, Property Management) estate. Strong analytica....

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