Service Areas
Specialties
- Sellers
- Buyers
- Residential Property
Answered Questions
There isn't a minimum age specifically set for buying a house, but legally you need to be 18 years old to sign a contract on your own. That said, the bigger factor isn't age, it's whether you can qualify for financing. Most lenders will look for: * Established credit (usually at least 2 years) * Stable income and employment history * Debt-to-income ratio I've seen younger buyers purchase at 18"20, but it's definitely more challenging without a cosigner because you're typically still building credit and job history. If you're planning ahead, the best things you can do now are: * Start building strong credit (keep cards low and paid on time) * Maintain steady income * Save for your down payment and closing costs It's absolutely possible to buy at 18, you just want to make sure you're set up financially so you get approved with good terms, not just approved.
