First-Time Homebuyers
One of FHA's highest priorities is to assist homebuyers with the purchase of their first home. FHA tracks the number of first-time buyers assisted by our programs. Consequently, it is very important that the information is entered accurately in FHA Connection.
In order to help lenders properly identify first-time homebuyers, we are clarifying the definition of what constitutes a first-time homebuyer. A first-time homebuyer is an individual who meets any one of the following criteria:
 |
An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property. This includes a spouse (if either meets the above test, they are considered first-time homebuyers. |
 |
A single parent who has only owned with a former spouse while married. |
 |
An individual who is a displaced homemaker and has only owned with a spouse. |
 |
An individual who has only owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable regulations. |
 |
An individual who has only owned a property that was not in compliance with State, local or model building codes and which cannot be brought into compliance for less than the cost of constructing a permanent structure. | Please ask any questions and tell us about your needs and-or concerns. It's our job to help, and there's no obligation to you. 

Ginger Belland and Hal Stark RE/MAX Power Central 200 Tuckerton Rd. #16 Medford, NJ 08055 856-797-1550 Fax: 856-797-1677 Info@NEWJERSEY-REALESTATEEXPERTS.COM
First time home buyers, first time home buyers, first time home buyers, first time home buyers,
first time home buyers, first time home buyers.
Active Adult Communities 55 and over, Active Adult Communities 55 and over, Active Adult Communites 55 and over. Military relocation, military relocation, military relocation. 
www.NEWJERSEY-REALESTATEEXPERTS.COM is brought to you by RE/MAX Power Central:
Ginger Belland and Hal Stark NUMBER1EXPERT State of New Jersey, Senior Buyers, Senior Communities, First Time Home Buyers. Read Ginger Belland and Hal Stark's
Privacy Guarantee,
Terms of Service,
and
Free & Without Obligation Pledge
|
NUMBER1EXPERT
© Best Image Marketing and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|