In this Oct. 27, 2014 photo, a realty sign is posted in front of a home for sale in Carlsbad, Calif. (AP Photo/Lenny Ignelzi)

(CNN) – Owning a home is key to unlocking the American dream, but it’s much harder to achieve if you’re black or Hispanic.

That’s according to a new study of mortgage approval rates by the online real estate website Zillow.

The study found that white people who apply for a conventional mortgage are denied just over 10% of the time.

By contrast, blacks who apply for the same loans are denied nearly 28% of the time, while Hispanics are denied 22% of the time.

Zillow’s analysis was based on 2013 data from the federal government, which annually collects information from mortgage lenders to identify possible discriminatory lending practices and to ensure that housing needs of all communities are being met.


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