Buying in texas

Hello,I order to qualify as a first time buyer you couldn't have had ownership in real estate in the previous 36 months.

So, you own a home already and you want to know if you can be a first-time buyer in another state? NO! FEDERAL rules dictate that owning real estate of any kind anywhere on the planet, excludes you from claiming you are a first-time buyer. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in Arizona, California, Georgia, Oregon, and Washington. Need help in other states? We've got you covered. NEXA Mortgage is licensed in 46 states ~ www.ApplyYes.com 480-889-9000.

Hi Dimensio461,No you do not qualify as a first time buyer because you currently own a home.Yes there are a couple of restrictions.1) You'll need 10 to 20% down for a 2nd home.2) You have to qualify for the new mortgage while counting your current mortgage. | John Burke | Senior Mortgage Banker | Lending in ALL 50 states |Great Plains Bank | jburke@gpbankTX.net | (877)228-9069 | NMLS# 787231 |