Do mortgage lenders lend money to young people?
50% or more of new home mortgages are made to people under 35. Many prospective homeowners worry that they must fit a particular profile in order to qualify for a loan. They worry that they’re not the right age, that they don’t have the right education or the right job, that they don’t speak the right language. The fact is, among all the things that mortgage lenders look at, the most important – whether you’re 27 or 75 – are these: what is your income compared to the debt you’re currently carrying, what is your credit history, and how much do you have in savings.
