Forgotten Your Password?

Need to Register?

Question Icon

I bought a condo in 1999 and sold it in 2005. Can I be considered a "first time home buyer" for loan purposes?

I have been renting since, but am looking to buy again in the next 6 months - a year. Can take advantage of first time home buyer programs? Or is that once in a lifetime? by kaitlynsmama6655 from North Las Vegas, Nevada. Aug 21st 2015 Reply


Mark Galbraith (Markginlv)
#20 ranked lender in Nevada - 2 contributions

Yes, you are considered a first time home buyer after 3 years.

Aug 21st 2015
1
0
Aundrea Beach-Greco (aundreabeachgreco)
#9 ranked lender in Nevada - 28 contributions

Yes you would be considered a first time buyer once again and be eligible for the down payment assistance and grants that exist. Let's talk more if you want to get preapproved and find out which programs you're eligible for. Aundrea 702-326-7866

Aug 21st 2015
1
0
Brad Henderson (bradthelender)
#29 ranked lender in Nevada - 18 contributions

In general, a first time home-buyer is defined as not owning a home in the last 3 years so you should be fine. Brad

Aug 21st 2015
1
0
Nathan Kessler (nathan.kessler@guaranteedrate.com)
#45 ranked lender in Nevada - 69 contributions

We have the Nevada Home is Possible grant program which does not exclude any buyers. As long as you intend to occupy, do not have a household income of $ 95,500, and have a score of 640 or above you have a good chance of qualifying for the grant. If you have any questions, feel free to call me.Nathan T. KesslerSr Mortgage Loan OriginatorIndividual NMLS # 377217 | Branch NMLS # 819501 | Company NMLS # 3117 NV # 46175City First Mortgage Services, LLCOffice: (702) 522-6745Cell: (702) 683-3126Fax: (702) 974-08488871 W Flamingo Rd Suite 202Las Vegas, Nevada 89147 nathan.kessler@city1st.com|www.city1stlasvegas.com

Aug 21st 2015
1
0
William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,797 contributions

As others have stated.. if you have not owned a home for the past 3 years, then you would be considered a first time home buyer.. but, my suggestion is to deal only with a local mortgage broker.. they should be familiar with any local grant programs for FTHB's.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Aug 21st 2015
1
0
Subscribe to our news feed.