And unlike conventional and FHA loans, backed by the Federal Housing Administration, VA loans don’t require mortgage insurance. You can wrap all refinance fees into a VA streamline, but not with a.
Getting A Fha Loan Some seniors even get mortgages to buy homes for their children who couldn’t qualify for a loan. No matter the reason, senior citizens are more than able to qualify for a mortgage. According to the Federal Trade Commission (FTC), elderly people are protected against discrimination from getting a loan or any kind of credit based on their age.