Some offers on this page are from advertisers who pay us, which may affect which products we write about, but not our recommendations. See our Advertiser Disclosure.
Can you get a mortgage and buy a house at the age of 18? What about 68? Does age matter when getting a mortgage? The simple answer is that age discrimination in lending is prohibited. However, real life is a bit more nuanced.
If you're of legal age in your state, you can sign a contract and apply for a mortgage. In most states, the "age of majority" is 18. It's 21 in Mississippi and 19 in Alabama and Nebraska.
There are exceptions. A minor may buy a house if:
The minor is legally emancipated, which is a court-ordered process that enables a minor to sign ownership and mortgage agreements. Of course, lender approval would be required.
Can you get a mortgage and buy a house at the age of 18? What about 68? Does age matter when getting a mortgage? The simple answer is that age discrimination in lending is prohibited. However, real life is a bit more nuanced.
If you're of legal age in your state, you can sign a contract and apply for a mortgage. In most states, the "age of majority" is 18. It's 21 in Mississippi and 19 in Alabama and Nebraska.
There are exceptions. A minor may buy a house if:
The minor is legally emancipated, which is a court-ordered process that enables a minor to sign ownership and mortgage agreements. Of course, lender approval would be required.
3 months ago
