If you are over the age of 18 you can buy a house. Why 18? Well according to Virginia state law, and I bet most other states, you must be at least 18 years old to enter into a legally binding contract without parental consent.
But the closer you are to 18, the harder it may be to get financing. Lenders rely on your history to determine how likely you are to make your payments. The younger you are the less history you have.
What else do you have to consider? Read the rest of my article below... more