First-Time Homebuyer

(redirected from First-Time Home Buyer)

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 first-time home buyer often faces challenges not seen by people who have previously owned a home.
There are many decisions a first-time home buyer will need to make.
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 income limit, purchase price cap, minimum age, family purchase restrictions, filing requirements, and eligible tax years of claiming the credit are the same as those of the first-time home buyer tax credit.
TIRED OF RENTING AND EAGER TO TAKE ADVANTAGE of falling property prices, 28-year-old Leonard Poteat started working with a real estate agent last October in hopes of becoming a first-time home buyer. After a few false starts, Poteat found what he was looking for in a Hyattsville, Maryland, property that was listed for $239,000.
The First-Time Homeowner's Handbook: A Complete Guide and Workbook for the First-Time Home Buyer comes with 30 forms on a convenient cd-rom and covers the entire experience of buying a home, from understanding terminology and confusing points to avoiding common, expensive mistakes.
The first-time homeowner's handbook; a complete guide and workbook for the first-time home buyer. (CD-ROM included)
"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.
First-time home buyer fully know the biggest obstacles to having keys in hand are financial.
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.