| Real Estate Terms -> What are 1st Time Home Buyers |
1st Time Home Buyers
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What are 1st Time Buyers? |
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Sounds self explanatory, however, in Government Loan Programs or Financing Packages there is sometimes a requirement of the special program that for the past 3 or 5 years a home buyer not have lived in any real estate that they had owned. So if the home buyer has lived in a rental unit during this time they will usually qualify as a 1st Time Buyer. |
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