Hi I would like to purchase a home next year & currently am putting off my marriage to do so because I am a

LOOKING2BUY
Other/Just Looking
14450

single parent... Would being married to my fiance narrow my incentives as a first time homebuyer??

Answers (1)
Paul E. Bocka
Broker
Fairport, NY
FIRST ANSWER

It all depends on many factors...including your fiance's situation, who's name the home/mortgage would be in, etc. Something to keep in mind is as a single parent, you won't have the benefit of two incomes on which to qualify for a loan.

You can do a little research online at the reputable sites below, or call a REALTOR to go over your personal details confidentially. Planning ahead, whether you decide to marry now or later, is a very wise choice!

http://www.federalhousingtaxcredit.com/2009/index.html

FHA loan programs offer lower downpayments and are a good option for first-time homebuyers. Learn more here: http://www.hud.gov/buying/index.cfm

Wed Jul 1 2009, 06:39

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