First Time Buyer

The challenge of buying a home for the first time can seem so daunting that it's tempting to either just go with the first place in your price range or continue to rent. To help you demystify the process and get the most out of the purchase, we'll examine what you'll need to consider before you buy, what you can expect from the buying process itself, and some handy tips to make life easier after you purchase your first home.



As defined by the U.S. Department of Housing and Urban Development (HUD), a first-time homebuyer is someone who meets any of the following conditions:

      • An individual who has not owned a principal residence for three years. A spouse is also considered a first-time homebuyer if he or she meets the above criteria. If you’ve owned a home but your spouse has not, then you can purchase a place together as first-time homebuyers.

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

      • A displaced homemaker who 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.

Considerations Before You Buy

      • What type of home best suits your needs?

      • What specific features will your ideal home have?

      • How much mortgage do you qualify for?

      • How much home can you actually afford?

      • How long do you see yourself in this home?

      • Do you have savings?

Calls us to receive your free book in the mail!

There are many government programs which gives you credit for purchasing a home. This credit reduces your tax bill or increases your refund depending on the tax you owe. The IRS refunds the credit, even if you owe no tax or the credit is more than the tax owed.

Each State has different programs, CALL US TO show you how you can claim these credits


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