1st time home buyer qualifications.

More info needed,, but in general.. No.. you do not meet the definition of a first time home buyer.. For lending purposes, if you have never purchased a home, or if you have not owned a home in the last 3 years, then you would be considered a FTHB.. So, the question is, do you still own the duplex? If so, then you don't qualify.. That being said, there is a tax benefit called the Mortgage Credit Certificate (MCC).. which give's you an annual $2000 maximum tax credit for as long as you own the home and reside in it as your primary residence. However, there are some pretty stiff recapture guidelines that are attached to this certificate.. You have to reside in the home for 9 or more years to be exempt from recapture.. otherwise, you might be responsible to pay as much as 50% of the home's equity.. Other than that, there might be some local grant programs that are available to FTHB's that you would not qualify for.. My point is that there isn't as many benefits to being a FTHB as you think.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / LendUS, NMLS 1938/ AZMB0121893

Depends on the First Time Home Buyer program you are considering. Some programs require that you not own a home for 3 years. However, Fannie Mae and Freddie Mac both allow you to Own up to 1 other home and still qualify for their First Time buyer programs called HomeReady and HomePossible. These only require a 3% down payment depending on the loan amount size.I hope this helps! I am licensed in VA, DC, MD, and GA so call me if I can be of assistance. Scott Kinne NMLS ID# 182351 -First Heritage Mortgage - 703-293-6146.

if you still own the rental - probably not ..the benefits for first time buyers are not that great

Not enough information it depends on the various jurisdictions they are in. Since you are in the DMV are you in one jurisdiction or multiple jursidictions. Give me a call at 301 915 5644 Joyce Ettignoff or email jettingoff@amcfg.com

if your duplex purchase was over 3 yrs ago - then yes you should be able to be considered a first time buyer