Home Buying in Dallas>Question Details

peke1308, Renter in Dallas, TX

Does the age matters on getting a home loan ? iam 58 yrs old

Asked by peke1308, Dallas, TX Mon Jan 20, 2014

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Age is not a deciding factor. Speak with a lender to have them go over qualifications in your area. Best of luck in your home search!
2 votes Thank Flag Link Tue Jan 21, 2014
If you qualify you can get a loan, therefore visit with any licensed loan officer; be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously.
2 votes Thank Flag Link Mon Jan 20, 2014
58 years old. No it does not.
62 years old. YOU BET IT DOES!
The CORRECT answer to the question you asked is AGE CAN MATTER DRAMATICALLY!
The correct answer to the question you intended to ask which is, "Does my age mater in getting a home loan?" the answer would be:
" No, it does not matter."
If the folks you are chatting with can not describe these loan products you should know you are not working with someone with a good set of tools.
1 vote Thank Flag Link Mon Jan 20, 2014
No it should not. It has to do with what you can afford, regardless of age. Checjk with a loan officer to see what you can afford to purchase. 58 is young!
1 vote Thank Flag Link Mon Jan 20, 2014
No age does not matter . All lenders have be equal to applicants

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1 vote Thank Flag Link Mon Jan 20, 2014
Age is not a factor in obtaining a mortgage loan. You can be 95 years old and apply for a 30 year mortgage. As long as you can qualify as far as your income, credit and debt ratio you can get the loan.

Hope this helps. Call if you would like to discuss. I broker with over 15 of the top wholesale lenders in the country.

Don Groff | REALTOR® & Mortgage Broker
Austin Real Estate Pros & 360 Lending Group
o 512.669.5599 | m 512.633.4157 | listings@dongroff.com
websites: http://www.AustinListed.com | http://www.360LendingGroup.com
0 votes Thank Flag Link Wed Jan 22, 2014
I think that would be age discrimination if it mattered.
I think my grandpa was about 75 when he got his last home loan.

There might be several different options you might consider.
0 votes Thank Flag Link Mon Jan 20, 2014
Bruce Lynn, Real Estate Pro in Coppell, TX
Age alone does not matter. Other factors such as income and credit score are of importance. I recently helped a single lady of the same age buy a home in the Dallas area. Please let me know if there is anything I can help you with.

Barbara Wilson
StarCrest Realty
0 votes Thank Flag Link Mon Jan 20, 2014
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