First-Time Homebuyer

(redirected from First-Time Homebuyers)

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 ?
HomeTeam's online community, the first and only online community for first-time homebuyers, also facilitates the connection between the company's national network of industry partners and the consumer, offering a prime lead generation and distribution platform for very specific, qualified leads.
The study also showed that the rapidly growing Hispanic home buying population is younger than non-Hispanic first-time homebuyers by an average of four to five years.
New Employee Home Benefit Program Offers First-Time Homebuyers Financial Assistance, Homeownership Education
We continue to seek out new, responsible options for first-time homebuyers," said Theresa Parker, Executive Director of CalHFA.
First-time homebuyers borrowed nearly $300 million to purchase 2,108 homes.
Grants were awarded to the following projects: -- Antonine Street Development (New Orleans): $42,000 provided by Hibernia National Bank, New Orleans, to six very low- and low-income first-time homebuyers for down payment assistance.
The California Housing Finance Agency, a state agency that offers Californians special loan programs for first-time homebuyers, announced today the introduction of a 40-Year Fixed Mortgage product.
Governor David Paterson announced today that New York will offer a federal income tax credit to first-time homebuyers starting early September to encourage home sales.
8 million in down payment grants for first-time homebuyers in 51 California communities, including about a dozen Southland cities.
The Move In America program is a comprehensive suite of products and services specifically geared toward first-time homebuyers or buyers in their 20s and early 30s.
The SFF consists of two programs; one is geared toward assisting first-time homebuyers.