1st Time Home Buyer

1st Time Home Buyer

Real Estate Investor · Greenwood Village, CO · Member since 2009 · 41 posts · 0 votes

What is the deffination of the first time home buyer acording to this new Obama deal?

From what I understand it WAS sold primary residence at least 2 years ago and not purchased a new property.

I hear that it is NOW 3 years? Is that true?

Do investment properties, count?

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  • Rental Property Investor · San Diego, CA · Member since 2008 · 161 posts · 15 votes
    17y

    As far as I know, FHA has always been: "Must not have owned any property within the past 3 years."

    I could be wrong though. Might want to take a gander at the FHA website?

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