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 ?
The Irish central bank has said that it has eased deposit rules for first time home buyers.
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.
Reisterstown, MD 21136, has added an additional down payment assistance program for first time home buyers in Maryland.
HSBC Holdings (LSE: HSBA) has announced that it is launching a mortgage product for first time home buyers.
Also, seek alternative financing sources such as grants, mortgage assistance, or low down payment programs available for first time home buyers through banks and state housing authorities.
When Kim Murphy, a loan officer with 1st Advantage Mortgage, told Dan about the First Time Home Buyers Program he was excited.
Regions Bank's (NYSE:RF) has announced the launch of its new First Time Home Buyers Programme.
Richard Bobrow, the managing partner of the project, said that its success was due to the cooperative efforts of Site 6, HPD, The Community Preservation Corporation, which was the construction lender for the project, and the manner in which New York City law firm, Shereff Friedman Hoffman & Goodman, handled the complicated offering plan and closings for first time home buyers.
Melissa Evans, Realtor, specializes in first time home buyers in the Baltimore metro area, including Hampden, Federal Hill, Bolton Hill, and Canton real estate.
Melissa Evans, Realtor, specializes in first time home buyers in the Baltimore metro area, including Catonsville, Federal Hill, Bolton Hill, and Canton real estate.