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Is there an age limit to obtaining a loan?

by ash.jafari76 from , California. Sep 30th 2014 Reply

Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,717 contributions

I am assuming you mean an upper limit? No, there is no age limit. You can be 80-years old and still get a loan. The lower limit is of course the age of consent, 18-years old. The youngest person I've ever given a loan to was 21-years old. Reverse mortgages require you be at least 62-years old.

Oct 1st 2014
William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,369 contributions

You must be 18 years of age or older to obtain a mortgage but lenders cannot discriminate against older applicants. If they did, they would be fined by the federal government. 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

Oct 1st 2014
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