The lender looks at your income, credit and debts, as it does for anyone. Social Security, pension and retirement income all count.
Am I too old to get a mortgage?
No. A lender cannot turn you down because of your age. The Equal Credit Opportunity Act makes that against the law.
More questions
- Can I buy a house if I get disability or Social Security income?Yes. Disability and Social Security income count toward buying a home. Because it is often not taxed, lenders can sometimes count it as more than it is.Read the answer
- Can I use Section 8 to buy a house?In some places, yes. Some housing authorities let a voucher help pay a mortgage instead of rent. Ask your local housing authority if it does.Read the answer
- Can I buy a house with an ITIN instead of a Social Security number?Yes. Some lenders, including some builders' lenders, make ITIN loans. They usually need a bigger down payment than FHA or VA loans.Read the answer
- Can you help me build a house on my own land?Mostly we help people buy homes builders are putting up in new communities. For a custom home with a large budget, we help find land, a plan and a builder.Read the answer