Can a person be denied a home loan because of age? My grandfather agreesd to cosign with me. He's 84 years old. I'm 27. Is this a problem?

The federal Equal Credit Opportunity Act states that it is illegal for lenders to discriminate against borrowers because of their age.

In theory, the only people that can be denied a lone based on age, are those that are too young to enter into a legal contract. As long as he is mentally competent, he can be a non-occupant co-borrower. You are lucky to have such a great Grandfather. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in AZ, CA, GA, IL, OR & WA... In fact, NEXA is licensed in all states except MA and NY and we are pending approval in VA, so give us a call. ~ www.ApplyYes.com 480-889-9000.