As long as the borrower has documentable and stable income and assets, along with suitable credit for the loan program applied for, there is no reason for an older person not to be considered for financing.
Yes a 70 yr old may apply for a 30 yr mortgage. The applicant will need to meet the same requirements as any other applicant. If you have questions on getting pre-approved before we work on finding you a property then contact Janie Wilder with Primary Residential Mortgage at 239-464-4578. Thanks so much for you question and I hope we can work together.
Sarah Garrett, Realtor
ALLIANCE REALTY GROUP
"Chosen Best in Client Satisfacton 2005-2012" by Gulfshore Life Magazine
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SURE, as long as you otherwise qualify financially. The Equal Credit Opportunity Act prohibits credit discrimination on the basis of your age.
I would love to help you find the perfect home...please contact me, I'm here to help!
Realtor - Amerivest Realty