Ok D asked:
If my husband owns a house, only his name is on the house and he is the only loan borrower. Now I want to buy a house with my own title, am I qualified for first time home buyer?
2nd question: if my husband put me on the title of the house he bought, but I am not the loan borrower, can I still buy a house later on as a first-time buyer?
Carolyn
If my husband owns a house, only his name is on the house and he is the only loan borrower. Now I want to buy a house with my own title, am I qualified for first time home buyer?
2nd question: if my husband put me on the title of the house he bought, but I am not the loan borrower, can I still buy a house later on as a first-time buyer?
Carolyn
Nathan
You don’t qualify. For married couples, BOTH spouses must not have owned a primary residence in the previous 3 years.
Comment by v b — April 20, 2009 @ 7:24 am
Evelyn
Here are the details. Loans have nothing to do with it. Property title has everything to do with it.
Comment by jlf — April 22, 2009 @ 6:12 am
Stephen
The definition of a first time home buyer is a person that does not or have not owned a home in the last 3 years.
If your name is not on the title then that make you a first time home buyer, your marriage has nothing to do with that fact.
Now adding your name to the current home place you in a different category. By your name being on the title makes you a home owner. being on the mortgage has no bearing on this fact.
If you and your husband do decide to add your name to the current house your husband own, please do this through a local title company. This might eliminate future legal problems.
I hope this has been of some use to you, good luck.
“FIGHT ON”
Comment by loanmasterone — April 24, 2009 @ 10:22 am
Terri
Go get the advice of Brian Evans -
He can share to you some tips and advice on how to achieve that – for you to qualify as a first time buyer.
Regards
Comment by Jeff — April 27, 2009 @ 4:32 pm