Will young age affect the loan rate or my chance of buying a home?

Age will not affect your ability to qualify or your rate. Lenders will look at your credit score, income, amount for your down payment, etc. One issue you may run into is your income history. Lenders like to see two years of work history with stable income. Having just graduated college, you likely do not have this. However, if you are working in the field of work you went to school for you may be able to get around this, especially with FHA. Contact a local lender and discuss your specific situation with them and they will be able to lead you in the right direction.

So long as your 18 years of age or older, and you have stable employment, you should be ok.. there are federal laws in place to prohibit age discrimination.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

You MUST be 18 years of age to enter into a contract - ie mortgage note - and that does not affect rate. It's all starts with a Credit Score and from there can determine which type of loan you qualify for. Contact a lender411 loan officer to help you.

Solid employment in the line of work you trained for in college, plus good credit will be major factors.

Your age will have nothing to do with your rate or approval. We will look at your credit scores and the down payment and loan program to decide your rate. We are licensed to lend in Washington I would love to help you.Thanks,Derick Condron503-510-8290

you should be fine, as long as your have a credit profile or a past history of alternate credit ( anything you have been paying for at least 1 yr), the rates are the rates, has no bearing on age, or any other discriminating factors.