Older adults often assume that they are not eligible for a 30-year mortgage.

Legally, however, banks can only offer loans based on financial qualifications alone.

This means applicants cannot be turned away based on their age, whether they are 50, 60, or even 90 years old.

## Can you get a mortgage at 60?

Mortgages over 60 – You will only be able to apply for shorter mortgage terms and may need to demonstrate pension and investment income. Mortgages over 70 – It will be difficult, but not impossible, to get a mortgage. However if you are a homeowner it may be possible to get a secured loan.

## How old can you be and still get a 30 year mortgage?

“You can be 100 years old and still get a 30-year mortgage. Everybody laughs at it, but technically that’s true.” If an elderly borrower were to die before their mortgage was paid off, the estate would handle the debt. The home may need to be sold to pay off the mortgage.

## Can senior citizens get a 30 year mortgage?

What Loans Are Available To Senior Citizens? The sky’s the limit when it comes to mortgages for seniors if they qualify and can prove they have enough regular income. For some, a 30-year mortgage may be a little long. At the same time, a 30-year loan may be the best option for some based on its lower monthly payments.

## Can you be too old for a mortgage?

Most mainstream mortgage lenders set the maximum age you can be at the end of the mortgage term at 70 or 75 so you could easily get a mortgage with a typical term of 25 years. As a result borrowers can take out a 25-year mortgage regardless of their age at the time they apply for a mortgage.