FAQ – First Time Home Buyer definition
Q: If married do both persons have to meet the requirements to be considered eligible First Tie Home Buyer?
(Do All Buyers need to be First Tome Home Buyers?)
Eligibility is determined is by a review of the most recent three year period of Federal Income Tax filings. If there are any mortgage interest deductions on the Schedule A for either borrower then they would likely both be deemed ineligible.
This is not intended as legal or tax advice, for either please consult you tax or legal professional, however if you answers to your specific circumstance or a particular mortgage loan program offered in Raleigh North Carolina, call me today at (919) 526-0183.
Since relocating from Northern Michigan in 2007 I have lived in Garner (27529) with my wife Melanie and our four children. With personal production of 8MM in real estate sales across Southern Wake County I am considered to be a local market expert in the following communities: Garner (27529), Fuquay-Varina (27526), Holly-Springs (27540), Apex (27502), and Raleigh (27603, 27604, 27606, 27609, 27610)) which spans from downtown Raleigh to Willow Spring including Lake Wheeler. Call or email me, I’m here to help! Ricardo Cobos (919) 526-0183