is there an age limit on obtaining a home mortgage?
March 11, 2011. You typically must be at least 18 years of age to get a mortgage, but there's no maximum age limit. In fact, mortgage discrimination because of age is illegal under the Equal Credit Opportunity Act. Whether you're 20 or 90, lenders are supposed to qualify you based on your ability to pay, not your age.
Building societies to review age limits on mortgages. Maximum age for home loans could be relaxed in response to ageing population and demand for longer mortgage terms. The UK has 11.6 million people over the age of 65, and by 2034 it is estimated around a quarter of the population will be 65 or older. Photograph: Ernst Wrba/Alamy.