First-Time Homebuyer

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First-Time Homebuyer

A person or couple who buys a primary residence for the first time. Buying a home usually requires a large down payment; for this reason, first-time home buyers are permitted to make a withdrawal from an IRA without penalty provided it is used to help purchase the home. Additionally, first-time home buyers are eligible for a substantial tax credit.
References in periodicals archive ?
If you're a first-time home buyer, chances are, you are having mixed emotions on how to go about in purchasing a home or a condominium unit.
The TD Bank First-Time Home Buyer Pulse also revealed that 62 percent of potential first-time home buyers think they will purchase a home within the next two years.
The network scored highest in Repeat Home Buyer, First-Time Home Buyer, and First-Time Home Seller categories.
Extension and modification of the first-time home buyer credit,
The city of Portsmouth's first-time home buyer program, HomeTown, provided down payment and closing cost assistance to six households during the last year, the city recently announced.
The first-time homeowner's handbook; a complete guide and workbook for the first-time home buyer.
Both the first-time home buyer market and the rental market should see marked improvement in 2001 as employment at the casino and call centres starts to impact the local housing market," Philp says.
To pay for qualified first-time home buyer expenses.
Under the provisions of the bill, a first-time home buyer or a buyer of a new home may receive up to a $10,000 state tax credit for purchases that close on or after May 1, 2010.
As the nation's economy and job growth improves, millennials "will account for 65 percent of the first-time home buyer sales" according to News Corp.
gov for a revised version of Form 5405, which covers first-time home buyer credit.
The closing was set for February 2006, but because their first-time home buyer program gave them access to nontraditional financing, setting up the financial paperwork took a bit longer than expected.