buying using 3% down

[Vicente Pinto]

Hello BP community,

I am thinking of buying a property using the first time homebuyer system so that I can enter the property with 3% down. But before I can do it, there are some questions I have:

• 1)I am thinking of buying a 4 family house. Is it possible to do the loan with a second party? Even if only one of us is going to live there?
• 2)We both have 1 property each, does that make a difference?
• 3)And finally my partner has just re-financed his property just about 3 months ago. Does that affect as well?

Any advice will be greatly appreciated. As always thank you so much for all your help.

Regards,

Vicente