Tuesday, December 18, 2012 - Article by: Brian Paris - First Choice Loan Servicing Inc. -
Did you know under FHA guidelines, you are considered a first time buyer if you have not had a mortgage on a primary residence for 3 years or more. So whether you had a foreclosure, BK, or short sale you are considered a first time buyer after 3 years! Even if you lost your primary residence and kept a rental but didn't use it as a primary you are good to go.
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