What age should you buy a retirement home?

The earlier you purchase a home for your retirement, the more you can take advantage of home equity. This is especially true if you need to take out a mortgage to finance your purchase. We recommend consulting with your financial advisor and a top buyer's agent to decide if purchasing a home is the right fit for your retirement goals. Learn more about buying a house at 65 years old and beyond.

Can a 65-year-old get a 30-year mortgage?

Yes. To base approval on age is discriminatory under federal law in the United States. If you are applying for a mortgage at 65 , chances are that you are both still working and have retirement vehicles which are allowed to be considered in your debt-to-income ratio. This can give 65-year-olds some leverage when applying for a mortgage. Make sure you have documentable and stable income and assets to satisfy the credit requirements for the loan program you are applying for. Learn more about financing a home in retirement.

Jessica Johansen

Content Project Manager

Jessica Johansen has been part of Clever's editorial team for three years. She has extensive knowledge of discount brokers, cash buyers, and flat fee MLS companies and currently oversees content on how to sell without a realtor. For four years before Clever, Jessica produced educational and technical guides covering topics like self-reliance and airline safety.

Expertise: Traditional home selling, selling without a realtor

Education: BA English Language, Brigham Young University

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