Single women are 30% more likely to be denied a mortgage — but improving debt-to-income ratio could change those odds
To calculate your DTI ratio, you would add up your monthly debt payments (car, student loans, credit card, etc.), divide that by your gross (pretax) monthly income and multiply by 100.
What happens if your application is denied?
If a lender rejects your application, you’ll receive a mortgage denial letter outlining why you were refused and which credit reporting agency supplied the credit report used to evaluate your application. However, you should already know that your application was likely to be rejected by consulting with your loan officer.
The most likely culprit is your credit score, so here are some ways you can improve it fast:
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Look for inaccuracies on your credit report.
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Avoid opening new accounts.
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Pay all your bills on time, and pay down your debt as much as possible.
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Have a relative with good credit add you to their accounts so that their history boosts your own.
A rejected mortgage application isn’t final. You may be able to correct the issues with your finances and reapply down the line, or you may qualify for government-backed home loans in the more immediate future. (4)
How to get mortgage-ready
The LendingTree report showed that, in 2024, single women originated $173.3 billion in mortgage debt, while single men originated $328.7 billion. The gender income gap is partly to blame for this huge disparity, but it is a lesson for anyone looking to get approved for a mortgage: Your income matters.
“Women tend to have smaller incomes than men, and that can create homebuying challenges,” LendingTree chief consumer finance analyst Matt Schulz said.
“Of course, when it comes to men being more likely than women to buy a home, there are other factors as well, including sexism, but it’s hard to overstate how important income is to the homebuying process.”
If you’re looking to buy a home, finding ways to increase or supplement your income is critical.
In 2024, lenders denied almost 20% of home loan applications, according to Home Mortgage Disclosure Act data, so being approved for a mortgage is not always an easy process
“A lot of this comes down to debt-to-income ratios and credit history length. Men, on average, still earn more than women and often have longer credit files,” Kevin Thompson, founder and CEO of 9i Capital Group, told Newsweek. (2)
“That matters when lenders are sizing up risk. The size of the loan can play a role, too. Smaller loans sometimes get flagged as less creditworthy, even if that doesn’t tell the full story.”
When you’re considering your mortgage options, don’t limit yourself to a specific type of lender. Applying at multiple banks, credit unions or online lenders can help improve your odds of getting approved at a good rate. Young buyers can also lean on their parents’ for financial support, or even for their good credit histories by cosigning the loan.
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Article sources
We rely only on vetted sources and credible third-party reporting. For details, see our editorial ethics and guidelines.
LendingTree (1); Newsweek (2); Fidelity (3); USA.gov (4)
This article provides information only and should not be construed as advice. It is provided without warranty of any kind.
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