Investor · Cambridge, MA · Member since 2017 · 195 posts · 106 votes
Hey guys, so I am coming up for the 3 year mark on when I moved out of my first house hack. It is a 3 family I moved out and rented all 3 units. Now I’ve been trying to do research (what better way then to ask the BP community) on if I can use the first time homebuyer program again to have a low down payment; what I have seen ( I live in MA by the way) is that if you don’t have a primary residence for 3 years you can qualify again for the first time homebuyer program again. Now I only have that one house and I have been renting for the past 3 years. Any insight would be greatly appreciated. Thank you guys
You have to read the rules of the particular program....most require you not to have owned Any real estate for three years. I think the “haven’t owns your primary for 3 years” is a recap that Assumes you don’t own Any property.