Home Buying in Pennsylvania>Question Details

Janice, Home Buyer in Charleston, SC

I've purchased a home with my now ex husband. I'd like to buy a home now. do i qualify as a first time buyer?

Asked by Janice, Charleston, SC Sat Dec 27, 2008

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6
Janice,
To be considered a first time home buyer you need to have not owned a home for 3 years. I guess it depends on if you were on the deed with your now ex husband. Just because you may not be considered a first time homebuyer doesn't mean that you can't find a good deal on a home. Feel free to contact me if you would like to discuss your mortgage options.
The very best of luck to you! have a Happy and Healthy New Year!
Michael
Michael D Delp
Mortgage Pro
4802 Old Bethlehem Pike,
Telford Pa. 18969
Ph- 215-453-1025
Fax- 215-453-1012
Cell- 610-762-0318
michaelddelp@aol.com
michaelddelp@verizon.net http://www.mortgagepro.instantlender.com
0 votes Thank Flag Link Tue Dec 30, 2008
Yes! there is the exception for divorce but you may get a better deal on non-first time buyer programs!
Web Reference: http://usloans.com
0 votes Thank Flag Link Sun Dec 28, 2008
While I strongly suggest you talk to a Mortgage Company. My questions would be were you on the mortgage, are you still on a mortgage, or have you been off a mortgage for 3 years.

While there are still some 1st time home buyer programs available. FHA is still a very good option for those who do not qualify as 1st timers.

Good Luck.
Web Reference: http://www.hughhenryjr.com
0 votes Thank Flag Link Sat Dec 27, 2008
Janice,
Lynn's answer always is good advice. There are several 'first time buyer' mortgage programs out there. Many do use the 3 year rule-- not since the date of purchase but since the date you last had an ownership interest in REAL ESTATE.
In PA , the one that is probably the most often referred to currently is the Pennsylvania Housing Finance Agency option. Check out the details at this website: http://www.phfa.org
Hope that helps.
Mim
Your Cumberland Valley Real Estate Professional
Web Reference: http://halere.com
0 votes Thank Flag Link Sat Dec 27, 2008
You are considered a first time homebuyer if you have not bought a home in the past 3 years.
0 votes Thank Flag Link Sat Dec 27, 2008
Contact a mortgage broker who can review your file provide you expert answers. Lending continues to change
Web Reference: http://www.lynn911.com
0 votes Thank Flag Link Sat Dec 27, 2008
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