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SweetCin
My green-eyed boy
Member since 5/05 13499 total posts
Name:
Cin
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Q about 1st Time Homebuyer...
10 years ago I had bought a house w/ my 1st husband, we sold it less than a year later--my Q is, if I bought a house w/ my DH now, would we still qualify as first time homebuyers (He obviously never owned a house).
Thx.
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Posted 8/20/06 8:55 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource | Prudential Douglas Elliman Real Estate |
MommaG
Yay Spring!
Member since 5/05 5133 total posts
Name:
Gloria
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Re: Q about 1st Time Homebuyer...
I don't think so. I think you both have to be first time. However, if he buys it in his name only, he would qualify.
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| Posted 8/20/06 9:00 AM |
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csorisi
My 2 LOVES
Member since 11/05 1984 total posts
Name:
Corinne
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Re: Q about 1st Time Homebuyer...
I think it depends. My aunt had bought a house with her husband and they got divorced and she was told that she would qualify as a first time homebuyer if she bought something again.
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| Posted 8/20/06 9:17 AM |
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Freddie
LIF Adult
Member since 3/06 1162 total posts
Name:
Freddie
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Re: Q about 1st Time Homebuyer...
can your DH qualify for the mortgage on his salary alone? than you could have him get the first time homeowner, but you can still be put on the title (just not the mortgage)
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| Posted 8/20/06 9:40 AM |
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LIPrincess
Foxy Lady
Member since 6/05 1610 total posts
Name:
Jaimie
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Re: Q about 1st Time Homebuyer...
I was told by my mtge person that if you wait 2 yrs after selling a home you qualify for the first time home buying options. Check with your mtge person.
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| Posted 8/20/06 9:59 AM |
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dandr10199
Grace is growing up too fast!
Member since 10/05 11561 total posts
Name:
Dina
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Re: Q about 1st Time Homebuyer...
If the house (deed and mortgage) is in his name only and I doubt you would want to do that.
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| Posted 8/20/06 10:17 AM |
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Nicole728
My Happy Girl
Member since 7/06 8198 total posts
Name:
Me
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Re: Q about 1st Time Homebuyer...
Your DH def does, but you wouldn't....I would try to look for a good loan officer that could push the loan through as a first time home buyer.
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| Posted 8/20/06 10:38 AM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: Q about 1st Time Homebuyer...
from what I understand, this whole "first time homebuyer" thing is for people who have a very small combined income. an income so ridiculously low that you could barely afford to rent here, much less buy! 
I've been told by some mortgage brokers that they can fix it to show only 1 person's income so that you can qualify. sounds fishy to me 
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| Posted 8/20/06 11:33 AM |
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Kidsaplenty
Sister love
Member since 2/06 5971 total posts
Name:
Stephanie
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Re: Q about 1st Time Homebuyer...
With the programs that I've seen as long as you haven't bought in the past 3 years you would qualify
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| Posted 8/20/06 11:34 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Q about 1st Time Homebuyer...
Posted by SweetestOfPeas
from what I understand, this whole "first time homebuyer" thing is for people who have a very small combined income. an income so ridiculously low that you could barely afford to rent here, much less buy!
I work in a bank - and the first time homebuyer program has an income limit of $75K. If someone is buying their first home today on LI with that income, please FM me and tell me how to do it!
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| Posted 8/20/06 9:27 PM |
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kaklesmay
Love my baby boy!
Member since 9/05 1151 total posts
Name:
Kim
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Re: Q about 1st Time Homebuyer...
I think its 2 consecutive years that you do not own a home to be considered 1st time home buyers.
We really didnt find any great programs out there anyway.
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| Posted 8/21/06 1:53 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Q about 1st Time Homebuyer...
It has little to do with how many times you bought a home but more to do with the income level.
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| Posted 8/21/06 2:07 PM |
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