I’m twenty years old. Can I get a mortgage?
I’m twenty and currently in my third year of college. I want to get a cheap little 30k condo by my university and start investing rent money into something I can get something back from. I have atleast 12 months rent (3k) in savings in the bank and am prepared to put a 20% down payment down on the condo (6k). In addition, I have been establishing my credit the past two years, have an excellent credit score, an IRA I regularly deposit money into, and stocks and bonds in my financial portfolio. I only make about $ 1000 a month but a mortgage payment on a 30k condo should only be between $ 200-$ 250 a month. My car is paid off so I have no payments on that and I don’t have any student loans. In addition, I’ve worked the same job for the past two years and have been consistent in the same field or work. My friends and family keep telling me I can’t get a loan this young but I wanted second opinions, so please: is there any possibility for me to get a 30k mortgage loan at such a young age?