Forgotten Your Password?

Need to Register?

Question Icon

I have owned property in the past but have been renting for the last 5 years. Would I qualify as a "first-time" homebuyer?

by gretchen475 from Krakow, Wisconsin. Feb 16th 2016 Reply


Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,571 contributions

To "qualify" as a first time home buyer, it simply means you have not owned a property in the past three-years. For loans in WI, MN, and SD, visit me at www.WI-MortgageBroker.com

Feb 16th 2016
1
0
Joe Becker (JoeBecker)
#3 ranked lender in Minnesota - 58 contributions

Yes, not a problem. Contact our WI branch - 715-656-4500 or 866-680-2840. NMLS 109946

Feb 16th 2016
1
0

Yes, after not owning for 3yrs you are again considered a first time home buyer again. If purchasing in WI please contact me to discuss your situation. Thanks,Mandy Fritsche NMLS 557211iMortgage262-327-5700Mandy.fritsche@imortgage.com Www.imortgage.com/mandy.fritsche

Feb 16th 2016
1
0
Brian Hofmann (GSFBrian)
#47 ranked lender in Wisconsin - 6 contributions

You definitely do. I have a fantastic first time home buyer program that you could possibly qualify for, with No Money Down needed and No PMI. I am located in WI and would be glad to help. Feel free to apply online at www.gsfbrian.com or call 920-202-0318.

Feb 16th 2016
1
0
Derick Condron (rightstartoregon)
#33 ranked lender in Oregon - 597 contributions

Yes by the definition in the mortgage world you would qualify as a first-time home buyer

Feb 17th 2016
1
0
Justin Murray (JustinMurray)
#102 ranked lender in Illinois - 172 contributions

Gretchen, you will be considered a 1st time home buyer. If you would like more information on first time home buyer programs in your state and how they work feel free to contact me. There are programs that you might qualify for that will assist you with covering your down payment. Wisconsin (www.WHEDA.com) offers these programs currently in addition to many others. Check out the website, if you would like someone to walk you through it - feel free to contact me. Justin Murray / JMurray@WintrustMortgage.com / 312.256.4065

Feb 17th 2016
1
0
William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,055 contributions

Yes.. for all conforming loan products, 3 years is the guideline.. however, there might be some grant programs that would disallow you since you have owned a property in the past.. If you have down payment saved, or have no need for grants, then this shouldn't be a problem. 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

Feb 17th 2016
1
0
Ralph Richard Guertin (ralph@absolutelowrates.com)
#136 ranked lender in Florida - 644 contributions

YES

Feb 17th 2016
0
0
Jesse Stroup (jessestroup)
#4 ranked lender in Idaho - 591 contributions

You should be able to, most lenders hold to the guideline of three years from previous ownership. I hope this helps.Jesse Stroup | Mortgage Banker | California NMLS# 6229 | 510-704-3445 Please contact me for more information.

Mar 14th 2016
0
0
Subscribe to our news feed.