Yes you would qualify. Here in Arizona we also have down payment assistance for a limited time in Pinal
County and no down with USDA financing. FHA is 3.5% down, If I can be of furner help, please do not hesitate to call me.

Elizabeth

Yes you would qualify. Here in Arizona we also have down payment assistance for a limited time in Pinal
County and no down with USDA financing. FHA is 3.5% down, If I can be of furner help, please do not hesitate to call me.

Elizabeth

"Remember also that the 1st time buyers credit of $7,500 is no longer having to be paid back! "

And it's been increased to up to $8,000.

Every $500 helps...

Mai,

You would qualify as a 1st time buyer if you had no interest in any property for the last 3 years.

I know a bank in Arizona that will soon have an TURE FHA 100% loan available this month that doesn't require seller contributions.

Remember also that the 1st time buyers credit of $7,500 is no longer having to be paid back!

Work with an experienced realtor who know the business when you are ready.

Sincerely,

Stew Keene
Inspire Realty Group
Scottsdale, AZ
2008-2009 Master of Real Estate award reciepient

Mai -

Since you were not on the title, I'm pretty certain you would qualify as a first time home buyer. I assume you're asking in regard to the new $8000 first time buyer tax credit. If that's the case, I highly recommend consulting with a tax professional to make sure.

Hi Mai,

I think the answer is YES.

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PAUL WELDEN
HomeSmart Realty
Buyer's Agent
480-241-0081

GREAT QUESTION:

Contact a mortgage broker who can review in detail your information. Were you on the loan? I am assuming if he was only one on title you were not on loan? However did you take tax write off?

Loan officer will require financial records, tax returns, check credit scores, debt ratio.

You might be able to qualify for a tax credit

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