Equal Opportunity Housing is based on the idea that all persons should be granted “equal opportunities” when it comes to renting or purchasing real estate property. Often used in connection with the phrase “Fair Housing,” the term references anti-discrimination policies and laws set forth by the local, state, and federal government.
To be considered an Equal Housing Opportunity Lender by the Federal Deposit Insurance Corporation (FDIC), it means the lender is committed to creating an equal housing opportunity for all borrowers. The term Equal Housing Lender was introduced in the Fair Housing Amendments Act of 1988, which amended the Fair Housing Act of 1968 and prohibits lenders from discriminating based on race, color, religion, national origin, sex, handicap, familial status, or disability.
As a fair and responsible lender, we do business in accordance with Federal Fair Lending Laws. Pacor Mortgage strictly prohibits discrimination based on race, color, religion, national origin, sex, age, handicap, marital status or familial status (having children under 18), because all or part of your income may be derived from any public assistance program, or because you have exercised a right under the Consumer Credit Protection Act.
Consistent with the Fair Housing Act of 1968 and the Equal Credit Opportunity Act (ECOA), Pacor Mortgage forbids its employees to rely on any of these prohibited characteristics to:
- deny any loan sought for the purpose of purchasing, constructing, improving, repairing or maintaining a dwelling, or any loan secured by a dwelling, or
- discriminate in fixing the amount, interest rate, duration, or other terms or conditions of a loan to purchase, construct, improve, repair, or maintain a dwelling.
Pacor Mortgage also prohibits providing unequal access to credit, or unequal terms of credit, because of the race, color or national origin of the residents of the area in which the credit-seeker resides or in which the residential property to be mortgaged is located.
Violations of fair housing laws can lead to legal and monetary penalties. These types of violations are known as housing discrimination claims. If you feel you have been a victim of discrimination, you may file a housing discrimination claims through the Illinois Department of Human Rights (IDHR), the entity that handles fair housing rights.
To file an initial complaint, you will need to submit your contact information, address of the property, information about the housing provider, and a description of the alleged discrimination or fair housing violation. Any housing discrimination charges should be filed as soon as possible after the alleged discrimination has occurred. However, you have up to one year from the date to discrimination to file a formal complaint.
You can also file a federal complaint through the Department of Housing and Urban Development online or via US Mail:
Assistant Secretary for Fair Housing and Equal Opportunity
Department of Housing and Urban Development
Washington, DC 20410
However, a formal complaint may need to be filed with the IDHR before a federal investigation can take place.
As an Equal Housing Opportunity Lender, Pacor Mortgage is committed to providing you with the absolute best service while working with you to find a mortgage loan program that fits your needs. We can answer any questions you have and help you through the entire process of becoming a homeowner. Give us a call today at 773-881-7744 or fill out our contact form to set up an appointment.
2020 Pacor Mortgage Corp.
Loan officer NMLS #: 208731. Loan inquiries and applications in states where I am not licensed will be referred to a Pacor Loan Officer who is licensed in the property state. Pacor Mortgage Corp is located at 14930 Cicero Ave, Oak Forest, IL 60452, Phone 773-881-7744 (Unique Identifier #120945). Pacor Mortgage Corp is an equal housing lender and is licensed by the Secretary of State under the Illinois Residential Mortgage Lending Act and is assigned Illinois Residential Mortgage License MB.0000892. Pacor Mortgage Corp branches operate with the following licenses and is assigned Illinois Residential Mortgage License MB.0000892-001, with a Wisconsin License # 260345BA, Palos Heights NMLS 261297 and is assigned Illinois Residential Mortgage License MB.0000892-008, Colorado, Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, California license # 41DBO-67516, Florida MLD1075, Indiana DFI 13177, Maryland 23528, Michigan FL0828, Michigan SR1130, Minnesota MN-MO-120945, North Carolina L-184546, Ohio RM.804151.000, Pennsylvania 43855, South Carolina, MLS – 120945, Wisconsin 120945BA, Kalamazoo, MI NMLS 120945 also DBA Lake Pacor Home Mortgage. This is not an offer for an extension of credit, a rate lock or a commitment to lend. All loans must satisfy company underwriting guidelines and any investor overlays. Any of the advertised products may be discontinued at any time. Information and pricing are subject to change at any time and without notice. Loans are being committed and closed at expressed rates although these rates change and may not be available at time of your lock in, commitment and / or closing. Pacor Mortgage Corp is not affiliated with your current lender, nor is it an agency or extension of the Federal Government, Fannie Mae, Freddie Mac or HUD.