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Does age matter to purchase a mortgage loan?

57 year old female in the market to buy a home. Looking for 30years fixed term. Thank you for your answer. Respectfully,
By niclocher908 from CA May 1st 2014
Reply

Yes. You've got to be at least 18 years old, and the minimum age for an FHA-insured Reverse Mortgage is 62.

May 1st 2014

It's illegal to discriminate because of age, however you must be at least 18 years to apply for a mortgage and you must be 62 for a reverse mortgage.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

May 1st 2014

If you are 57 yrs. old, or even older you can not be denied a loan because of your age.

May 1st 2014

Age does not matter according to federal housing discrimination legislation age, sex, sexual orientation has no effect on lending.

May 1st 2014

Not at all, as a matter of fact it is illegal to discriminate based on age.

May 5th 2014

It is illegal to discriminate based on age, however, you must be at least 18 years old...I'm in California also, give me a call and we can discuss 510-332-3282Linda

May 9th 2014

Hi - as long as you meet income and credit and asset guidelines, you can be approved for a home loan. I'm actually working with a female client your age right now who's buying a home after renting for many years. She just got in contract after 2 months of house hunting and is very happy! Please let me know if I can be of any help... 707-364-4115, Marty

May 9th 2014

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