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Can you buy a home under 18 with parental permission?

Updated: 8/17/2019
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14y ago

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A 16 or 17 year old has the right to, if unemancipated (and this law is of the State of Oregon and is speaking specifically of homeless minors), enter into contract to provide oneself with housing and utilities, so technically you don't even need parental permission in the state of Oregon. This law is stated in a way that you cannot be discriminated against because of age when obtaining housing and utilities, so not only do you not need parental consent, any offer you put in on a house cannot be denied just because of your age. There is a catch to this though. If you are unemancipated, your parents still have the rights to your finances, so in a worse case scenario and your parents did not support you purchasing a house, they could pull your financing before any sale was finalized (unless it's a very fast sale with cash and little bank involvement and a fast inspection). All in all, if your parents give their permission then you're all set and have nothing to worry about. Another part of this law states that if you are pregnant, but not 16-17 than this still applies and also if you yourself have a minor child of your own living with you/in your custody.

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