I'm all for putting a dollar in a brothas hand, but a black owned bank? A bank is a bank no matter what.
A black owned bank MAY be more inclined to help u secure that home loan with a cheaper interest rate
I'm just assuming
How?
Well a normal bank may just look at numbers
As in how much u make
Credit score
Late payments and things like that when making a decision
A black owned bank
AND AGAIN IM JUST ASSUMING
DONT TAKE THIS AS FACT
a black owned bank may take all that into consideration
But it may also look at other things on a more personal level
Like yes on this person was late paying this
And this and this
But oh ok he lost his job during this period
And as soon as he started working again payments continued
Or something like that idk
They just may be more willing to take a chance on someone
Think of a regular bank as a stranger
That stranger wouldn't just give u money without knowing u
And then think of the black owned bank as maybe an associate
Y'all may not be friends
But y'all know of each other and have mutual friends
He may loan u some money because he seen u around
Or seen u when y'all kicked it with y'all mutual friend
I hope I'm making sense or u get what I'm TRYING to convey
And again I'm just assuming