A: The precise concept of what constitutes a primary-date homebuyer – and you will if you might disqualify yourself away from losing in it – depends largely into particular first-go out buyer program otherwise pros for which would certainly be seeking to see.

Particularly, the (now-expired) government homebuyer income tax credit program discussed first-timers just like the individuals who hadn’t possessed a house regarding the 3 years before its acquisition of your house wherein it had been seeking the borrowing.

not, of several urban area and county basic-day consumer applications explain a primary timekeeper while the someone who has maybe not possessed property for the reason that condition towards the three years before the brand new qualifying purchase. Continue reading →