Believe it or not, a first time home buyer is not necessarily someone that has not owned a home previously. A first-time homebuyer is any person who has not owned a home in the previous three years. So even if you have owned a home in the past but have not owned a home in the last three years you qualify as a first-time homebuyer. Just so you know, this is 36 months at closing, not 35 and a half. So you could qualify for the $8,000 tax credit if you purchase a home before December 1, 2009 and haven?t owned a home in three years.
Read...Related Headlines
- Claiming $8000 First Time Home Buyer Tax Credit ? Explained in a Videoposted 97 weeks ago on FHA Mortgage Blog
- Summarizing The (New) First-Time Home Buyer Tax Credit Programposted 118 weeks ago on The Mortgage Reports
- Refinancing Headachesposted 238 weeks ago on Mortgage Refinancing - What You Need to Know
- How Not to Refinance Your Mortgageposted 238 weeks ago on Mortgage Refinancing - What You Need to Know
- Mortgage Refinancing for the First Time Homebuyer Part Iposted 236 weeks ago on Mortgage Refinancing - What You Need to Know
- Home Mortgage Loan Refinancingposted 239 weeks ago on Mortgage Refinancing - What You Need to Know
- Refinancing Mortgage Rateposted 239 weeks ago on Mortgage Refinancing - What You Need to Know
- How to Refinance a Mortgageposted 240 weeks ago on Mortgage Refinancing - What You Need to Know
- Is Fixed Rate Mortgage Refinancing Right For You?posted 234 weeks ago on Mortgage Refinancing - What You Need to Know
- $14,000 in First Time Homebuying opportunitiesposted 153 weeks ago on Real Estate Webmasters Blogs