The average borrower on a home purchase mortgage made in 2025 was 41 years old, according to the Federal Housing Finance Agency’s National Mortgage Database. It was 42 in 2019. 6.1% of loans went to borrowers whose average age was under 25, and 7.2% to borrowers 65 or older, up from 5.4% and 6.8% in 2019.
The largest group was borrowers aged 25 to 34, with 31.4% of loans, followed by 35 to 44 (28.1%).
Borrowers were oldest on average in Delaware (46), where 14.2% of loans went to borrowers 65 or older, the highest share of any state. They were youngest in North Dakota (38). North Dakota had the highest share under 25, 15.0%.
By state
| State | Average age | Under 25 | 25 to 34 | 35 to 44 | 45 to 54 | 55 to 64 | 65 and older |
|---|---|---|---|---|---|---|---|
| Delaware | 46 | 5.0% | 22.2% | 24.8% | 16.1% | 17.8% | 14.2% |
| South Carolina | 44 | 6.7% | 28.3% | 23.4% | 15.7% | 13.8% | 12.0% |
| Arizona | 44 | 5.7% | 28.2% | 24.8% | 16.6% | 14.1% | 10.7% |
| Florida | 44 | 4.0% | 25.3% | 27.8% | 18.3% | 14.7% | 10.0% |
| Nevada | 44 | 4.4% | 25.8% | 28.3% | 18.3% | 13.3% | 10.0% |
| Hawaii | 44 | 2.9% | 24.3% | 31.1% | 21.1% | 13.4% | 7.3% |
| Oregon | 43 | 3.9% | 27.2% | 30.5% | 17.7% | 11.2% | 9.7% |
| Vermont | 43 | 3.5% | 26.5% | 32.3% | 17.3% | 12.7% | 7.7% |
| California | 43 | 2.4% | 27.4% | 33.4% | 18.9% | 11.0% | 6.9% |
| New Mexico | 42 | 8.2% | 29.2% | 26.8% | 15.6% | 9.1% | 11.0% |
| Idaho | 42 | 7.0% | 31.2% | 25.8% | 14.1% | 11.8% | 10.1% |
| Maine | 42 | 7.5% | 30.7% | 24.8% | 16.7% | 11.5% | 8.7% |
| Montana | 42 | 7.9% | 29.1% | 26.9% | 16.8% | 10.5% | 8.7% |
| North Carolina | 42 | 5.8% | 30.0% | 26.3% | 17.2% | 12.3% | 8.5% |
| New Hampshire | 42 | 4.1% | 31.7% | 27.8% | 15.2% | 13.7% | 7.5% |
| Maryland | 42 | 3.8% | 30.5% | 30.5% | 16.9% | 11.1% | 7.2% |
| Rhode Island | 42 | 2.9% | 33.3% | 29.2% | 15.4% | 12.1% | 7.2% |
| Washington | 42 | 4.1% | 32.1% | 30.2% | 16.3% | 10.1% | 7.2% |
| Georgia | 42 | 5.5% | 30.0% | 28.5% | 18.0% | 11.4% | 6.6% |
| New Jersey | 42 | 2.1% | 31.6% | 33.3% | 16.7% | 10.3% | 6.0% |
| South Dakota | 41 | 10.7% | 31.6% | 26.0% | 11.2% | 10.7% | 9.8% |
| Alabama | 41 | 9.3% | 32.9% | 23.8% | 15.0% | 10.8% | 8.1% |
| Wyoming | 41 | 8.4% | 32.8% | 25.6% | 13.6% | 11.4% | 8.1% |
| Colorado | 41 | 4.5% | 33.9% | 29.0% | 16.0% | 9.3% | 7.3% |
| Connecticut | 41 | 3.6% | 35.8% | 27.3% | 15.8% | 10.1% | 7.3% |
| Tennessee | 41 | 6.7% | 31.1% | 26.6% | 17.2% | 11.3% | 7.1% |
| Oklahoma | 41 | 8.8% | 31.1% | 27.9% | 15.0% | 10.3% | 7.0% |
| Virginia | 41 | 6.3% | 32.7% | 27.9% | 15.9% | 10.7% | 6.6% |
| Alaska | 41 | 5.2% | 30.7% | 31.3% | 17.2% | 9.4% | 6.3% |
| Texas | 41 | 5.6% | 33.0% | 30.1% | 16.4% | 9.2% | 5.8% |
| New York | 41 | 3.6% | 33.0% | 32.2% | 15.6% | 10.5% | 5.2% |
| Massachusetts | 41 | 2.5% | 34.4% | 31.0% | 16.5% | 10.6% | 5.1% |
| Arkansas | 40 | 8.8% | 32.8% | 25.7% | 15.4% | 9.8% | 7.5% |
| Ohio | 40 | 9.0% | 33.8% | 25.3% | 15.1% | 9.9% | 6.8% |
| Nebraska | 40 | 9.2% | 33.0% | 23.8% | 16.3% | 10.9% | 6.7% |
| West Virginia | 40 | 11.0% | 34.8% | 20.8% | 16.6% | 10.2% | 6.6% |
| Mississippi | 40 | 9.9% | 32.4% | 24.3% | 15.8% | 11.2% | 6.5% |
| Missouri | 40 | 9.8% | 34.2% | 25.2% | 14.4% | 9.9% | 6.5% |
| Wisconsin | 40 | 9.8% | 33.0% | 23.9% | 15.5% | 11.5% | 6.3% |
| Kansas | 40 | 10.7% | 33.6% | 23.5% | 16.5% | 9.6% | 6.1% |
| Michigan | 40 | 8.1% | 35.6% | 25.3% | 14.4% | 10.6% | 6.1% |
| Pennsylvania | 40 | 6.3% | 34.5% | 28.1% | 14.7% | 10.3% | 6.1% |
| Illinois | 40 | 6.2% | 34.2% | 28.7% | 15.0% | 9.9% | 6.0% |
| Iowa | 39 | 13.2% | 31.7% | 25.4% | 13.1% | 9.4% | 7.2% |
| Louisiana | 39 | 10.0% | 33.2% | 28.0% | 14.7% | 7.8% | 6.3% |
| Indiana | 39 | 11.1% | 34.5% | 25.7% | 14.2% | 8.7% | 5.9% |
| Kentucky | 39 | 11.4% | 33.6% | 26.6% | 14.2% | 8.7% | 5.5% |
| Minnesota | 39 | 9.3% | 35.7% | 26.5% | 13.7% | 9.4% | 5.5% |
| Utah | 39 | 9.4% | 36.1% | 26.8% | 14.9% | 7.9% | 5.0% |
| District of Columbia | 39 | 0.8% | 40.9% | 35.6% | 11.4% | 8.0% | 3.4% |
| North Dakota | 38 | 15.0% | 38.1% | 22.3% | 10.7% | 8.5% | 5.4% |
50 states and D.C., sorted by average age. Age groups use the average age of all borrowers on the loan, so a loan to a 30-year-old and a 40-year-old counts in the 35 to 44 group. FHFA rounds the average age to whole years.
What these numbers are
The National Mortgage Database is a 1-in-20 sample of closed-end first-lien mortgages drawn from Experian credit files and linked to other records. FHFA publishes the figures already rounded and weighted to represent all such mortgages. These are home purchase loans only, not refinances.
Buyers who pay cash are not included. These figures describe mortgage borrowers, not every home buyer. The National Association of Realtors, which surveys buyers including cash buyers, put the median age of first-time buyers at 40 in its 2025 Profile of Home Buyers and Sellers.
Source
Federal Housing Finance Agency, National Mortgage Database (NMDB®) aggregate statistics, new mortgage statistics, annual, states and national, market "All Mortgages (Home Purchase)" (series AVE_AGE_BORROWER and PCT_AGE_LT25 through PCT_AGE_GE65), downloaded October 28, 2026. Credit: FHFA, National Mortgage Database (NMDB®). U.S. government data in the public domain. National Association of Realtors, 2025 Profile of Home Buyers and Sellers. Our table is available under CC BY 4.0. Credit "My Credit Guide (mycreditguide.org)".
Steven Reynolds, "Mortgage Borrower Age by State," My Credit Guide, October 28, 2026, https://mycreditguide.org/data/mortgage-borrower-age-by-state/.