can I get a 1st time buyer rate?

Hi vkash2,Many people think of FHA as a first time home buyer program and you would not be disqualified for that loan because of the home you co-signed on. It is important to look at all available loan programs to determine the best loan for you. In most cases your past co-signing should not be an issue. I would encourage you to look at the state programs and in particular the USDA program. That is most often the cheapest loan available today outside of a VA loan. Should you wish to discuss your options please feel free to call me at 603-543-3700 ext 1. Should you like to take a free class on the key loan options for First Time Home Buyers FHA, VA and USDA please visit www.homebuyeruonline.com. Your class is on me.All my best,Don LaPlume 603-543-3700 ext1

That is a HUGE misconception that there are special rates for first time home owners.. In reality, a few lenders actually charge a higher rate for a first time home buyer.. However, since you were a cosigner on a mortgage, you would not be considered a first time home buyer. If you're talking about the federal First Time Home Owners Rebate, then that program has since been long gone... When it comes to a mortgage approval, your either approved or not approved.. having a mortgage in the past or not has very little to do with your lenders decision to approve you... how you pay your bills and manage your credit has much more to do with whether you will get approved or not... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. 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

If you are talking about using the FHA program, then yes you can qualify. However, that program may not be the best for you if you have a good credit score and a larger down payment. You should get together with a local lender to find out what the best option if for you. Best Of Luck!

if you fit income and credit requirements, you should be ok. need to contact a lender or broker in your state to get pre-qualified. you did not indicate what state you are in

Probably, but it depends on the particular loan you are trying to get. Most generally available first time buyer programs would not count that, but if you are looking at a State or local mortgage program, it will depend on their specific rules. Rates are incredibly low in general so don't delay! A good mortgage banker will look at all the available options available to you and make a recommendation

Hi, yes you would still qualify as a First Time Home buyer. Purchases currently have better pricing then a refinance. You would qualify for that incentive as well as perhaps others. Have you checked out the HUD website to see the available programs? What state are you in?Here is the link for the Hud Website I was mentioning.http://portal.hud.gov/hudportal/HUD?src=/topics/buying_a_homeThank youManuel Gonzalez(732) 474-8180