This month I handed the keys to two of the most determined buyers I have ever worked with. They are 19 and 20 years old, and they just closed on their dream home in Rockvale, in Fremont County. I am so impressed by them, and so happy for them. Watching them reach this milestone made me think about what it really takes to buy a home, and why age has so much less to do with it than most people assume.
Can you really buy a home at 19 or 20?
Yes. In Colorado, adults 18 and older can enter into a real estate purchase contract. When it comes to financing, lenders generally look at credit history, income, existing debts, and savings rather than age. Being young can mean having a shorter credit history, but it does not automatically put homeownership out of reach. The best first step is a conversation with a lender, who can walk through the options available and help buyers make an informed decision based on their financial goals.
What did these young buyers do differently?
They came in with clarity and conviction. They knew what they wanted in a home and why it mattered to them. They:
- Met with their lender early and understood their numbers before falling in love with a property
- Asked thoughtful questions at every stage, from inspection to closing
- Stayed patient and steady when the process required it
- Followed through on every deadline and every document
That kind of grit is not common at any age. At 19 and 20, it is remarkable.
Why can buying young make a difference over the long term?
The biggest advantage young buyers have is time. Each mortgage payment pays down principal, which builds equity over the years. While no one can promise how a market will perform, owning a home longer generally gives buyers more time to build equity and ride out short-term market changes. Starting early also means these two are building a foundation that can support future goals, whether that is a move-up home, an investment property, or simply the stability of having a place that is truly theirs.
What should young buyers know before they start?
- Start with a lender conversation. Understanding what you qualify for, and what monthly payment feels comfortable, prevents disappointment later.
- Budget for the full cost of ownership. Property taxes, homeowners insurance, utilities, and maintenance are all part of the picture.
- Learn the property’s systems. Rural homes in areas like Fremont County may have septic systems, acreage to maintain, or utilities that work differently than in town. Knowing this upfront helps buyers plan.
- Lean on your team. A good lender, inspector, title company, and REALTOR® can help you understand each step so nothing feels like a surprise.
What did I learn from these two?
Honestly, I learned something about myself. I wish I had thought about homeownership with this kind of conviction and grit at their age. They reminded me that the right time to start building your future is often earlier than you think, and that determination can carry you a long way.
Frequently Asked Questions
Do I need 20 percent down to buy a home?
Not necessarily. Down payment requirements vary by loan type. A lender can explain the options available so you can decide what fits your financial goals.
Can a young buyer purchase with a co-borrower?
In many cases, yes. Whether a co-borrower makes sense depends on individual circumstances, so this is a great question to bring to a lender.
How long does it take to buy a home in Colorado?
It varies, but once under contract, many purchases close in roughly 30 to 45 days depending on the loan, inspection, appraisal, and title timelines in the contract. Working with the lender I partner with, many of my buyers close in two weeks or less. A quick close takes preparation, responsive buyers, and a lender who moves efficiently, so starting that lender conversation early makes a real difference.
Is it smarter to rent or buy when you are young?
It depends on your plans, finances, and how long you expect to stay. Buying builds equity over time, while renting offers flexibility. Looking at both with real numbers is the best way to decide.
To my buyers: congratulations. I am so proud of you, and I cannot wait to see everything you build from here.
