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selling CA home, moving out of state

I'm selling my 1st property and this is under 1st time buyer program. Can I re-qualify as a new 1st time buyer in another state? by m.sandersons822 from Aliso Viejo, California. Aug 26th 2019 Reply


Bob Collins (bob@inaniche.com)
#266 ranked lender in California - 4 contributions

NO

Aug 26th 2019
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Bob Collins (bob@inaniche.com)
#266 ranked lender in California - 4 contributions

Most to all first time home buyer programs are Federal first and State second in benefits. If you show property ownership on your taxes then the answer is no.

Aug 26th 2019
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Sara Deere (Mortgagequeen2)
#15 ranked lender in Missouri - 608 contributions

Also most 1st time home buyer programs require a borrower(s) to NOT own a primary residence property for the last three years in order to be one of the qualifications.

Aug 29th 2019
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

No.. you cannot be a first time home buyer twice.. Lending guidelines consider you a FTHB if you have not owned a home in the past 3 years. So, if you don't buy for 3 years.. then you would be considered a FTHB. Understand there are very little benefits anymore to being a FTHB.. 3% down on conventional is available to non first time home buyers. Certain states have grant programs for down payment asisstnce geared towards FTHB's, but typically, those come with higher rates and fees.. not the ideal scenario if you have your own down payment.. But if you want to know for sure, reach out to a local (to where you are moving) loan officer and see what they have.. 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 30th 2019
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