I have seen people as young as 19 getting home loans. A 2 year solid work history is needed, and 6-12 months of established credit is also important. 2 months ago we closed a 20 year old who purchased his very first home by himself. His monthly mortgage payment was $150 less than all of the apartments he was looking at out there. I would love to help you out. We are a local mortgage company that has been in Grandville for over 16 years. Have a great day!
Vice President of Lending
In addition to the other comments, may I suggest buying a manufactured home. This is a viable alternative, less costly, less down payment required,and easier to sell when you are done with school.
We have several listings which may be of interest to you.
Mortgage Broker Or Lender, Southfield, MI
Mon Jul 1, 2013
The three things lenders look at when approving a loan are income credit and down payment. Age won't matter, and of you have satisfactory credit you can have a parent or relative act as a non occupying co borrower so you can use their income to qualify. Feel free to email me to discuss things in more detail
Yes it is possible to get a loan. There is certain criteria that must be established in order to get a loan. There is a program that will allow you to have a non occupying co borrower to get financing for a home. The best approach is to give me a call and we can go over your options. The best number to contact is (616) 318-0385. Have a great night!!!
Team Mortgage Company
(616) 318 - 0385
The key is to have a good credit, money for down payment and closing costs. Shop around for a mortgage broker that can explore all your financial documents and advice you properly.
Mortgage broker have access to many banks, private lenders and many different programs.
There are no age limits b/c that would be discriminatory. It may be possible but you'll need to talk with a lender to find out. Call Dan G at Mortgage One: 915-1734.
Getting prequalified is the first step. Then choose a buyer's agent to represent you and to guide you through the complex process. Feel free to call me for more answers.