How Old Do You Have to Be to Buy a House?
AuthorAmanda Dodge. Date:
The Gen Z want to own their homes. An impressive 30% of 25-year-olds currently own their homes, beating out 28% of millennials and 27% of Gen Xers when they were 25. Gen Z makes up people who were born between 1997 and 2012, which means many members of this generation are just now becoming adults while others are still in middle school. And yet, the drive for homeownership is already a core value of this generation. In the vast majority of states, you need to be at least 18 years old to buy a house. In some states (Alabama, Nebraska, and Mississippi), the minimum age to buy a house ranges from 19 to 21. This is known as the age of majority. There are specific reasons for these age limits that are set in place to protect both minors and lenders. In this article, we’ll share why age is important … Continued
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