Yes, a felon can apply for a mortgage loan, but there are additional considerations:
Creditworthiness: A felon's credit score and financial stability are thoroughly reviewed.
Employment Stability: Stable employment and a regular source of income increase the chances of approval.
Down Payment: A larger down payment may be required to mitigate the perceived risk.
Lender's Policies: Some lenders may have stricter policies regarding loan approvals for felons, while others may be more lenient based on the case specifics.