Tag: Home financing - Healthy Aging Hub

Oct 22, 2025

4 min

Can a 62 year old get a 30 year mortgage? Yes, and here’s what you need to know.

According to the Equal Credit Opportunity Act, lenders are legally prohibited from denying a mortgage application based on age alone. This means, yes, a 62-year-old can get a 30-year mortgage, provided they meet the lender's qualifying criteria like any other borrower.

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Oct 18, 2025

5 min

Can I get a mortgage if I am 70? The answer and your financing options

According to a 2023 study by the Federal Reserve Bank of Philadelphia, mortgage rejection rates tend to increase with age, with a noticeable acceleration starting around 70. However, the Equal Credit Opportunity Act (ECOA) makes it illegal for lenders to use age as a basis for denying a loan, meaning you absolutely can get a mortgage if you are 70 years old, provided you meet the financial criteria. Success hinges on demonstrating a reliable and stable income stream, a good credit score, and a manageable debt-to-income (DTI) ratio.

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