Click To View Links

Qualifying As 1st Time Home Buyer

by Dan V.
(Franklin, NY)



My wife bought a townhouse in Virginia before we were married (~2006). We have since moved to New York State. Do we qualify as a first time home buyers so we can take advantage of any programs related to that status??

=====ANSWER=====

Hi Dan,

Thank you so much for stopping by my website and leaving me a question.

You left out a detail here. You did not mention if you sold the house in Virgina. I will assume that you did since you moved to New York.

If the new house that you want to buy together will become your new primary residence, then yes you can get into the first time home buyer programs.

You will indeed find an abundance of great programs out there for you. Of course the absolute best one would be the FHA Home Loan. You may want to pay a visit to my page best FHA home loans for more information.

The FHA home loan will allow you to get into the home with only 3.5% down and your credit score can be as low as 620.

Now there are other qualifications to meet like employment history, debt to income and such, but overall this is by far the best way to buy an house today. In fact I just heard a report on Fox News last night that the FHA loans are about the only mortgages that have any action as far as the mortgage industry goes.

Furthermore, you can use grants and down payment assistance programs with this mortgage product.

I hope you find this helpful. If you do, I really would appreciate it if you would be so kind to like this web page at FaceBook or shout it out at Tweeter.

Kind Regards,

Jeffrey Ragan




Click here to post comments

Return to Mortgage Questions.

New Jersey Grants

Click on Image to Learn More

South Carolina Grants

Click on Image to Learn More

Recent Articles

  1. Maryland First Time Home Buyer Grants | Programs | Down Payment Assistance

    May 20, 17 06:24 PM

    Digging for Maryland first time home buyer grants to buy a home? Find the best grants, programs for home buying in Maryland and other down payment assistance available to you.

    Read More

  2. Home Buying Help - Your Personal Coach

    May 20, 17 06:13 PM

    Searching for home buying help? Discover here how to request your own personal assistant to navigate the home buying process.

    Read More

  3. Home Mortgage Information

    May 15, 17 05:22 PM

    Rifling through tons of home mortgage information? Want to understand programs such as FHA, VA loans, and zero down options for home buying? This page will help you become a knowledgeable buyer.

    Read More

Buyer Programs

fha loans

The FHA Loan Products

Home Buyer Grants

zero down home loans

Zero Down Home Loans


Follow Us On Twitter

follow me on twitter