Renter To Homeowner: Who Qualifies As A First-Time Home Buyer?
Renter to Homeowner who qualifies as a First-Time home Buyer? If you’ve been thinking about trading your rent payments for a set of house keys but don’t know where to start, don’t worry—I’ve got your back. Let’s chat about what it takes to become a first-time homebuyer, what help is out there for you, and how to navigate the whole process without losing your mind. Who qualifies as a First-Time Homebuyer? Alright, let’s clear this up. You don’t have to be someone who’s never-ever-in-your-life owned a home to be considered a first-timer. According to HUD , you’re a first-time homebuyer if: · You haven’t owned a primary residence in the last three years. · You’re a single parent or a displaced homemaker who owned a home with a former spouse. · The only property you’ve owned wasn’t permanently attached to a foundation (think mobile homes). So, if ...
