General Discussion

MichMan

(13,517 posts)

4. Looks like to qualify, you need to just have not owned a home in the preceding 3 years.

Reply to Yo_Mama_Been_Loggin (Original post)

Sat Oct 5, 2024, 11:22 PM

Oct 5

If I read this right, you could sell your home, rent somewhere else for 3 years and then qualify for the program.

Not sure if buying on a Land Contract counts as a mortgage loan

First-time homebuyer
Grant funds are meant for first-time buyers who are purchasing primary residences. To qualify as a first-time homebuyer, you must not have owned or co-signed on a mortgage loan in the past three years.

First-generation homebuyer
These grant funds are also reserved for first-generation buyers. You can qualify for this program if your parents, legal guardians, spouse, or domestic partner have not owned a home in the past three years. This requirement is waived for all home buyers who have previously lived in foster care and fall within the program’s income limits, reinforcing the inclusive nature of the Biden first-time home buyer initiative.

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Highlight:

Harris new homebuyer plan doesn't exclude siblings, children of homeowners Fact check [View all] Yo_Mama_Been_Loggin Oct 5 OP

I don't know about the brother and sister forthemiddle Oct 5 #1

Wonder what kind of proof one would need to prove neither parent never owned a home? MichMan Oct 5 #2

This program exists only as an unpassed bill in congress soandso Oct 5 #3

Looks like to qualify, you need to just have not owned a home in the preceding 3 years. MichMan Oct 5 #4