Cortland, NY · Member since 2018 · 19 posts · 3 votes
Hi all,
I am looking for some info on first time homebuyers programs. My target investment markets are about 2 to 3 hours away from where I live. My area is expensive and multifamilies are tough to find to househack. In the meantime, I have a couple potential deals in my target merkets that I would like to pursue. My question is, if I purchase a rental property purely as an investment and I don't live in it, could I still qualify for a first time homebuyers programs when I go to buy a house to live in?
@Joe Scheffold Do you know which FTHB program you want to use? There is some guidelines which you have to follow. Most of the programs are for fist time buyer but its not true in all programs. Make sure you work with your lender so you know if you will be eligible.