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Will a bank give a mortgage to a 70 year old? The facts you need to know

Under the Equal Credit Opportunity Act, it is illegal for lenders to discriminate against a credit applicant based on age. This means a bank cannot automatically deny a mortgage simply because a person is 70 years old. An individual's eligibility for a loan depends on financial capacity, not their birth date, so a bank will give a mortgage to a 70 year old if they meet the standard financial qualifications.