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 ?
"First time home buyers can become overwhelmed with all the steps required to purchase a home and often need to make a quick decision about home insurance," says John Jenner, vice-president of marketing and communications at Western Financial Group.
Buy a New Home in Maryland finds that one of the biggest challenges for first time home buyers is coming up with the required down payment on FHA and Conventional Loans.
With Kim's help, the First Time Home Buyers program helped Harriet to get a mortgage for a 2 bedroom condo in Schaumburg.
Driesler said the Realtors are targeting the extenders for passive loss and a credit for first time home buyers. Any urban Save Our Cities package, he said, would probably include enterprise zones to help rebuild cities and would need to be watched.
Sarah Lynn Jaskowski has helped many home buyers find their new home and specializes in first time home buyers in Buffalo NY area, particularly Cheektowaga, Amherst and Tonawanda.
The first time home buyers ended up buying one of the inventory homes that was already completed in the neighborhood.
The first time home buyers had been searching for a home for quite some time, and because of a very competitive real estate market in Central Florida, they had placed several offers prior to the Clermont home, only to find that they lost the bid to an investor, cash, or conventional loan buyer.
However, it advised the authorities to be vigilant in checking the profiles of first time home buyers and fund managers to ensure the mortgage crisis that hit the US over too-easy lending does not happen in Malaysia.
"Reviewed By Jamie Michele for Readers' Favorite Buying a Home: A No Nonsense 20 Step Guide to Buying Your Home from Pre-Approval to Closing (First time home buyers, New Home, How to Buy a Home, Steps to Buying) by author Lady Donegal is a quick and straightforward reference for first time home buyers.
From first time home buyers to long time homeowners, she gives each client the focus and attention they need throughout the process as well as after the transaction is completed.
The 2017 home buying season will be characterized by a large increase in first time home buyers, increasing affordability issues among buyers, and high demand for suburban homes, according to realtor.com's Active Home Shopper Report released today.
First time home buyers from tomorrow will get additional tax benefit for purchase of residential properties of value up to Rs 50 lakh.