Home Buying in Martinsville>Question Details

Justlikeyou, Other/Just Looking in Martinsville, VA

How young can you be to own your own home? Example: 22 years of age. Are there any restrictions? What kind of process would I have to go through?

Asked by Justlikeyou, Martinsville, VA Mon Jan 10, 2011

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My daughter bought her own home when she was 19...
0 votes Thank Flag Link Mon Oct 28, 2013
18 years of age or older so you are good to go there.
2 years of verified income
12 months verified rent
established credit history-3 lines of credit opened at least 12 months, no late pays
620 middle credit score for FHA, 3.5% down minimum
680 credit score for Conventional, 5% down minimum

That is just some basic information and there is quite a bit more that you need to know.

If you would like more details please contact me at your convenience. Thank you.

Elliott R. Oliva
Mortgage Planner
NMLS #353884
Envoy Mortgage, LTD NMLS #6666
202.681.1636 Direct
eoliva@envoymtg.com
0 votes Thank Flag Link Mon Jan 10, 2011
You can be any age at all, if you pay cash it would not matter. If you are going for a loan then the lender might have a min age.
0 votes Thank Flag Link Mon Jan 10, 2011
Agian, you have to be of legal age and the first thing you should do is talk to a lender to see what you'll be comfortable with as far as payments go.
0 votes Thank Flag Link Mon Jan 10, 2011
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