first time home buyer – owner loan

blog for first time home buyers

Does being a cosigner disqualify you from being a first time home buyer?

som3on3_10 asked: So my wife and I are in search for our first home. We were thinking of taking advantage of those first time home buyer loans that allow you to put less than 20% down. However, my wife is currently a cosigner on her parent’s house with her sister. Does that [...]

Posted June 30th, 2009 in Renting & Real Estate | 3 Comments »

There are Certain Facts You Should be Aware of as a First-Time Home Buyer

marco asked: As a first-time home buyer, you are going to be setting out into a real estate market that is oftentimes full of complexities, legal wrangling, negotiations and more.  You first need to determine whether you can afford to buy a home.  You should already have an idea of home much you can pay [...]

Posted June 30th, 2009 in Real Estate | No Comments »

Low Income Housing Grants for First-time Home Buyers in the Down River Area

Mark Goedert asked: The new bill passed by Senate earlier in the year allows states to trade in a portion of their 2009 low-income housing tax credits for Treasury Grants.  These grants would be used to finance the construction, or purchase and rehab of low-income housing, including those with or without tax credit allocations.The low [...]

Posted June 28th, 2009 in Real Estate | No Comments »

Am I no longer considered a first time home buyer? Can I ever be considered a first time home buyer?

Guess Who? asked: My father lost his job and my mother’s income wasn’t enough to get the house re-financed so I was added to the house (for income purposes) to try and lower the onthly payment. They have since then sold the house however of course all good credit info about the house was reported [...]

Posted June 28th, 2009 in Renting & Real Estate | 4 Comments »

President Obama’s First Time Home Buyer Stimulus – Making New Homes Affordable

Bryan Hendersen asked: ort to stem the decline in the American economy caused by the 2008 third quarter recession, President Obama and his government has ratified a 2009 economic stimulus plan that will help in many different ways. Everyone has been affected in some way by the most recent financial problems and is having trouble [...]

Posted June 23rd, 2009 in Finance | No Comments »

What kind of loan can I get as a first time home buyer?

Out Snooped asked: I am looking to purchase a bank owned home and I live in California. I have a credit score of 650 and I make about 40,000 a yr. I am looking to purchase a home but I am not sure what kind of loan is available to me as a first time [...]

Posted June 22nd, 2009 in Renting & Real Estate | 4 Comments »

Can I use the first time home buyer loan on a foreclosure?

Kim asked: Can I use the Obama first time buyer home grant of 8,000 on a foreclosure, if so what are the details about using it?Beatrice

Posted June 21st, 2009 in Renting & Real Estate | 4 Comments »

About how long does the IRS take to mail you your first time home buyer refund check?

goofy1804 asked: for the first time home buyer $8000 dollar tax credit how long does it take to get reimbursed?Joel

Posted June 12th, 2009 in United States | 3 Comments »

Can I get a loan other than an FHA and still get the first time home buyer tax credit?

asked: Trying to buy a foreclosure as a first time home buyer. The house needs a little work (slight water damage, floors, paint) so I dont think I will be able to get an FHA loan. I want to do the work myself. If I get another type of loan will [...]

Posted June 10th, 2009 in Renting & Real Estate | 7 Comments »

Do I Qualify For the First Time Home Buyer Tax Credit If I Buy a Mobile Home?

William Thompson asked: The first time home buyer tax credit is made available after the present Obama administration took a big leap in reviving the declining market of housing realty. This tax credit is part of the stimulus package approved by the federal government to resuscitate the ailing US economy. Some of the home buyers [...]

Posted June 7th, 2009 in Home And Family | No Comments »