Home Buyer FAQ: What is the definition of a first-time home buyer?
Home Buyer FAQ: What is the definition of a first-time home buyer?
For purposes of the mortgage credit certificate (MCC) program, a first-time home buyer is an individual or family that has not owned or had an ownership interest in any principal residence during the last three years.
Remember that our down payment assistance (DPA) program by itself, does NOT have a first-time home buyer requirement.