- HUD defines a first-time homebuyer as someone who has never owned a home before. An individual who has not owned a home for at least three years is also considered a first-time homebuyer. For couples, if one spouse is a homeowner but the other spouse has never owned before, then, according to the FNMA and FHA, both spouses are considered first-time homebuyers.
Samuel T. Pink
NMLS 657509
Home Mortgage Consultant
HomeServices Lending, LLC | 355 Alhambra Circle, Suite 950 | Coral Gables, FL 33134
Cell (305) 785-8066 | Office (305) 960-2786 | Fax (844) 332-7520
https://samuelpink.homeserviceslending.com