http://www.trulia.com/voices/Home_Buying/can_a_first_time_home_buyer_qualify_for_the_tax_cr-141091en-ushttp://www.trulia.com/voices/profile/Real_Estate_Pro-Bucks_County_PA-779639/http://www.trulia.com/voices/profile/Real_Estate_Pro-Bucks_County_PA-779639/In simple terms, YES you can qualify for the tax credit with a cosigner. Please review this IRS link on the subject. The cosigner , if a home owner, cannot claim the tax credit, BUT the primary owner, 1st time homebuyer can qualify. Good question.Sun, 05 Jul 2009 10:09:56 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Fairfax_VA-115570/http://www.trulia.com/voices/profile/Real_Estate_Pro-Fairfax_VA-115570/That would be a question for someone proficient with taxes., not necessarily a loan officer. It really doesn't matter about co-signers, though; the question is home ownership. So if the co-signer isn't on the deed, then (not tax advice here: check with a tax professional), it doesn't matter. The tax credit--its applicability and its restrictions--only apply to purchasers. The question really is: If the lender requires the co-signer to be listed as a co-owner, what happens then? That's the question you need answered.Mon, 29 Jun 2009 05:20:26 -0700http://www.trulia.com/voices/profile/Real_Estate_Pro-Hanover_PA-143783/http://www.trulia.com/voices/profile/Real_Estate_Pro-Hanover_PA-143783/Not sure. Best left to a loan officer.Mon, 29 Jun 2009 04:26:55 -0700