I believe, as Marcia stated below, the RD loan has a household income limitation that you may or may not qualify for... depending upon the area. As far as whether it can be in your name only, your lender should be able to make that determination. Your question had nothing to do with the first time buyer credit, although what I've seen so far involving "dower rights" in Michigan, married couples are not able to utilize this credit if one or the other has owned a home/condo in recent years. I've had wives inquiring about this exclusively... and so far, the answer has been either "no" or undeterminable. Let us know what you find out... as Kay also mentioned below, things are "changing all the time"...
Keller Williams Realty