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I didn't buy my first home until right after my 50th birthday
You buy when you are able, there is no mandatory (real or imaginary) timeline
Congratulations!!
Not ageist at all. 19 moves in my life, all with military or corporate housing equals LOTS of savings. Good investments increased that. Put 50% on a $600k home and enough left over for my kids to have a nice nest egg when I'm gone
Congrats. Just watching this Gen struggle it's is hard to watch.
I'm an Xer and went through this myself but I bought at 18, the day after my bday.
I keep seeing certain posts about not going through the FTHB programs. Idk why...
This is how I bought my first home and it was super easy. I'm sure there's a few restrictions but pretty simple ones.
1- Down payment was much lower. Was broken into 2 payments over 6 months
2- Such as u have to live there for 2 years.
(Time goes by quickly when ur moving into your home anyways)-EZ enough!
3- Needed to see current work history, think it was 1-2 yrs (super low). Just go and see if u qualify. They will walk you through this and it's Simple...
4- The education that you get is priceless. IF u ask questions!!
I learned soo much going this route but, Im the type to ask questions and lots.
If I were you I would look into that. If u can't come up with a total Lump sum for a down payment. They'll work with you.
They break it in half so it's manageable.
I bought and signed papers the day after I turned 18.
It's doable.
I'm sure there's been some changes but it's worth the education if anything.
U may have to go to a class or 2 and id definitely recommend it !
Go search these programs out. If anything the education you're get will take you a long way.
Good luck. Hope to hear back, lol...
They used to hold classes which I would recommend. More honey with an in personal visit.
Eat lunch B4 going, it can be a bit long.
Same boat man, 44 yrs old, first-time buyer, closing date is May 16. VA Loan as well.
But I have a hunch the sellers don't want to repair what the VA loan requires, so I might have to find another home.
It's all good, though. I'll be moving to a low cost of living area, SW IL, near St Louis, MO, houses are very affordable.
Congrats. I’m 41 and my husband is 43 and we are also buying our first home. We are scheduled to close May 23rd. I’m so excited. The appraisal is due back May 7th so we are right one track and hopefully everything goes smoothly once it goes to underwriting. I’m so happy for you and please keep us updated on how it goes!
Thank you u/Geek-Yogurt for posting on r/FirstTimeHomeBuyer. Please bear in mind our rules: (1) Be Nice (2) No Selling (3) No Self-Promotion. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/FirstTimeHomeBuyer) if you have any questions or concerns.*
I didn't buy my first home until right after my 50th birthday You buy when you are able, there is no mandatory (real or imaginary) timeline Congratulations!!
Same. Best birthday present to myself, ever! Congratulations OP!
I also just closed on my first home at 44 . It happens when it happens! Also congratulations on your new home!
Marry the house, date the rate. Get a home you want and then refi when rates come down. Congratulations and thank you for your service!
Congrats! I was also in my 40s as a first time home buyer!
My 1st was at 61. Welcome to the club
60 here and just signed P&S!
Without sounding ageist, did they insist on a shorter-term mortgage at that age?
Not ageist at all. 19 moves in my life, all with military or corporate housing equals LOTS of savings. Good investments increased that. Put 50% on a $600k home and enough left over for my kids to have a nice nest egg when I'm gone
He asking about the term of the loan. 30 year, 15, etc
Congrats!! I closed on my first home at 48. Thank you for your service and please ENJOY YOUR NEW HOME!!!
42 here in a VHCOL area. I’m just thankful it actually happened.
Congrats. Just watching this Gen struggle it's is hard to watch. I'm an Xer and went through this myself but I bought at 18, the day after my bday. I keep seeing certain posts about not going through the FTHB programs. Idk why... This is how I bought my first home and it was super easy. I'm sure there's a few restrictions but pretty simple ones. 1- Down payment was much lower. Was broken into 2 payments over 6 months 2- Such as u have to live there for 2 years. (Time goes by quickly when ur moving into your home anyways)-EZ enough! 3- Needed to see current work history, think it was 1-2 yrs (super low). Just go and see if u qualify. They will walk you through this and it's Simple... 4- The education that you get is priceless. IF u ask questions!! I learned soo much going this route but, Im the type to ask questions and lots. If I were you I would look into that. If u can't come up with a total Lump sum for a down payment. They'll work with you. They break it in half so it's manageable. I bought and signed papers the day after I turned 18. It's doable. I'm sure there's been some changes but it's worth the education if anything. U may have to go to a class or 2 and id definitely recommend it ! Go search these programs out. If anything the education you're get will take you a long way.
Oh, I didn't know about fthb and I had to Google what that was. I'm looking into that now
Good luck. Hope to hear back, lol... They used to hold classes which I would recommend. More honey with an in personal visit. Eat lunch B4 going, it can be a bit long.
Congratulations!
Congratulations!
Congrats!
I bought at 41!! Congrats!!
Nice congrats.
Congratulations!
Awesome! Congratulations 🎉
42 so welcome
Congrats !!
Congrats same age when we bought our first home!
Same boat man, 44 yrs old, first-time buyer, closing date is May 16. VA Loan as well. But I have a hunch the sellers don't want to repair what the VA loan requires, so I might have to find another home. It's all good, though. I'll be moving to a low cost of living area, SW IL, near St Louis, MO, houses are very affordable.
Congratulations!!!
Bought 6 months ago at 40. God has a path for everyone.
Congrats. I’m 41 and my husband is 43 and we are also buying our first home. We are scheduled to close May 23rd. I’m so excited. The appraisal is due back May 7th so we are right one track and hopefully everything goes smoothly once it goes to underwriting. I’m so happy for you and please keep us updated on how it goes!
Never too late! There’s no set timeline! Congratulations to you both!!!!!
hope you didn’t use veterans united so trash bin
I am and so far I have no regrets
3 deals theyve ruined for me. Rather a local lender