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Is there a MAXIMUM age for obtaining a 30 year fixed rate mortgage?

My parents want to obtain a second property, and they are in their mid-70's. They seem to think this will be a problem. by thuy846 from Summit, Utah. Mar 10th 2016 Reply


No, in fact it is illegal to discriminate based on age. You could be 99 and get one

Mar 10th 2016
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Justin Murray (JustinMurray)
#102 ranked lender in Illinois - 172 contributions

Age does not matter. The only time age is a factor is with a Reverse Mortgage - and that is a minimum age - not a maximum.

Mar 10th 2016
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Lorne Harvey (lorneharvey)
#81 ranked lender in Washington - 419 contributions

No problem on the age!

Mar 11th 2016
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,055 contributions

Absolutely not.. so long as they make enough income to support the new housing payment and meet all other eligibility requirements, they can buy.. there are no guidelines relating to age except that it's illegal to discriminate based on their age. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Mar 11th 2016
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R. Jocelyn Anderson (labrokergirl)
#1247 ranked lender in California - 38 contributions

According to the Equal Credit Opportunity Act, the law indicates that someone cannot be discouraged from applying for credit based on Race, Religion, Age, etc...Contact your LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Good luck! :)

Mar 11th 2016
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Jesse Stroup (jessestroup)
#4 ranked lender in Idaho - 591 contributions

No there is not. You can look into a reverse mortgage loans if you are 65 or older. Jesse Stroup | Mortgage Banker | California NMLS# 6229 | 510-704-3445Please contact me for more information.

Mar 11th 2016
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Sara Deere (Saraloveshomeloans)
#1 ranked lender in Kansas - 516 contributions

There is no limit in regards to your parent's age for a regular forward mortgage Making at least one extra payment a year towards the principal can get the mortgage loan paid off at a much quick rate. A reverse mortgage CAN ONLY BE DONE on a PRIMARY RESIDENCE. One can use proceeds from the reverse mortgage to buy anything that is not considered high risk.

Mar 11th 2016
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Phil Dumouchel (PhilDu)
#1 ranked lender in South Carolina - 2,228 contributions

Nope, the only hesitation is theirs...

Mar 13th 2016
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