– So technically speaking, you could qualify for a first-time buyer program even if you have purchased a home before. If you think a first-time buyer program may help you get into your first home, ask your mortgage loan advisor what options are available for you.
Do you Qualify as a First-Time Homebuyer? – Down Payment. – If you want to apply for special programs or grants for first-time homebuyers, you’ll need to be an actual first-time buyer or one that hasn’t owned a home in at least three years. If you don’t qualify as the first-time buyer, there are plenty of other government-backed and conventional loan programs that you can use as well.
Do I qualify as first-time buyer for stamp duty purposes. – The maximum you can save is 5,000. The typical first home in London costs 410,000. This means first-time buyers will fork out 5,500 on stamp duty, opposed to the 10,500 they would have faced.
Fha Loans Changes Fha Interest rates 30 year fixed upcoming Changes to FHA mortgage loan requirements – On September 15, 2015, the Federal Housing Administration will be changing some of the FHA mortgage loan requirements regarding its single family home loan program.