Hi Nat, Welcome to Delaware! It depends on how long ago you sold your home in MN. Guidelines are if you have not owned a home in the last 3 years, you could qualify as a 1st time buyer. At least for many of the programs available. Not, however for the 1/2 % foregiveness on transfer tax. Good luck and if I can be of help, let me know.

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Nat,

If you haven't owned a home in the past 3 years you wualify as a "first time buyer."

Good luck,
the "Eckler Team"

Both answers before me give a combined answer for your question.

A. Some loan programs do allow you to become a first time home owner after a period of time - usually 3 years from date of settlement.

B. There are also benefits in Delaware which currently allow a discount of the state portion(in some areas) of transfer taxes on a purchase to first time homeowners. This is not a renewable privilege and once you have been listed on a deed, you are not eligible to take advantage.

C. Most importantly though, as was previously stated, speak with a loan officer to walk you through the bells and whistles of programs that they offer. For first time buyers, I recommend speaking with a broker who can get programs from multiple vendors - giving the best choice of programs that are right for you.

Hope this helps.............................chris

Hi Nat!, If you have not owned a home in the last 3 years you would qualify as a 1x buyer. There are some programs available with some lenders that as long as you do not own a home at the time you go to closing, you would qualify for special financing (almost like a 1st x buyer). Feel free to contact me for more info or if you need a good lender. I can refer you. Good luck. Would love to earn your business, so when you are ready, I'd love to interview for the job of your realtor!

Most 1st time home buyer programs require that a buyer hasn't owned a home in at least 3 years. You didn't say how long ago you sold your home?

Kim Eisen
RE/MAX Realty 100
"Helping People Make Smart Real Estate Decisions for over 28 Years"
Experience Counts!
(651) 457-HOME (4663)

if you already own a house then no, you are not a first time home buyer. your best bet is to check with a local and trusted mortgage broker and ask them what is available, stay away from the internet lenders.... there may be a program through Delaware Housing program.