Can i buy a home?

Question

im 16 but ive been emancipationed. i run an online shop that makes about 6000 a month. do you know if it will be harder to find somebody to rent or sell to me?

Answer 1

I am a loan officer. If you have more than two years documented income history with your business and you have credit than it may be possible for you to purchase a home. You need credit to obtain a loan. If you do not have credit I suggest you work on opening 3 accounts to establish a 24 month history of credit. Hope this helps. I can be contacted: Sebastian Delaney : [e-mail]

Answer 2

no

Answer 3

You have to be 18 years old to sign a contract, so you won't be able to buy a home, I'm not sure about the rent thing because most people require you to sign a lease.....

Answer 4

I believe that if your emancipated then by law your responsible to care for yourself and that includes bieng responsible for your living situation... I think if you have a good down payment and good credit then you should have no problem as long as you have all the right paperwork from court showing that your emancipated.

I would talk to a realestate lawyer about it to be sure!

Good Luck!