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What if one person is a first-time home buyer?

Are You a First-Time Homebuyer? To know for sure, you should understand that a first-time homebuyer is defined as someone who has not owned and occupied their home in the last three years, and who has not lived in a home owned by a spouse in the past three years.

Is California giving away $150,000 for first-time home buyers?

Can you still qualify as a first-time buyer if your partner isnt? You can still qualify as a first-time buyer if either you or your spouse have not owned a primary home in three years, ing to the U.S. Department of Housing and Urban Development.

Who qualifies as a first-time home buyer in California?

Key takeaways A first-time homebuyer is someone who has either never owned a home or who has not owned a home in the last three years. First-time homebuyer programs offer mortgages with low down payment requirements and other favorable terms or assistance.

Can you be considered a first-time home buyer twice?

You may also be considered a first-time home buyer if you havent owned a home in the last 3 years. So, under this definition, previous homeowners can be classified as a first-time home buyer again after enough time has passed.