Mortgage Age Limits You Need To Know

Certified Mortgage Advisor
NMLS 1701021
January 31, 2020

Are you too old or young to buy a home?

You're wanting to buy a home, but you're wondering what is the mortgage age limit, especially because most mortgages are 30 years, 20 years, or 15 years long. So you may be wondering what's the minimum age and what's the maximum age that you can have. This is going to be super quick.

What is mortgage age limit

Mortgage age limits. First, we need to talk about a mortgage, or signing a contract to purchase a home is a legally binding contract. So there are few stipulations when it comes to age.

Minimum age: 18 years old

The minimum age is 18 years old. In the United States, at 18 years old all of a sudden you become an adult in the US. That means that you're allowed to enter into a legally binding contract. You can not enter into a contract to purchase real estate. If you're less than 18 years old.


Also something you need t know is age is a protected class by a law called ECOA, which is the Equal Credit Opportunity Act. Basically what this means is if we boil it all down, lenders cannot discriminate based on age, no matter how young or old you are, as long as you're above 18 years old. You can not be discriminated against because of your age. So that gives us a maximum age of infinity. There is no maximum age. You can be as old as you want.

Your age doesn't affect your loan term

That means you can be whatever age over 18 and purchase a home and get a mortgage, right? If you are a hundred years old, you're legally allowed to get a 30-year mortgage. There's no problem with that. The same thing, our maximum loans normally is about 30 years.

Most people don't give loans that are longer than 30 years, but at any age above 18, you can get a mortgage for 30 years. If they're going to give you a longer-term, great. You can take that too. But there is no limit at all. It's 18 and up. So that's the mortgage age limit.

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