HUD First Time Homebuyer Definition

HUD First Time Homebuyer Definition

So, I was curious what would qualify someone as a first time homebuyer under the HUD loans. I was especially interested in finding out if I was still eligible even if my wife bought a property. So I did a little research, and here is what I found on the HUD government website:

First-Time Homebuyers
Chapter 3
Miscellaneous Policies
Page 3-02

One of FHA’s highest priorities is to assist homebuyers with the purchase of their first home.

FHA tracks the number of first-time buyers assisted by our programs. Consequently, it is very important that the information is entered accurately in FHA Connection.

In order to help lenders properly identify first-time homebuyers, we are clarifying the definition of what constitutes a first-time homebuyer. A first-time homebuyer is an individual who meets any of the following criteria:

An individual who has had no ownership in a principal residence during the 3-year period ending on the date of purchase of the property. This includes a spouse (if either meets the above test, they are considered first-time homebuyers).

A single parent who has only owned with a former spouse while married.

An individual who is a displaced homemaker and has only owned with a spouse.

An individual who has only owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable regulations.

An individual who has only owned a property that was not in compliance with state, local or model building codes and which cannot be brought into compliance for less than the cost of constructing a permanent structure.

So I hope this helps others in their future endeavors.


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