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.
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Summary: New Delhi [India], Dec 11 (ANI): Cash Suvidha, a startup fintech company has joined hands with HomeCapital to provide unsecured credit at zero percent interest to first-time homebuyers in Pune, Bangalore and Mumbai region.
At a moment when overall home sales are slowing, the first-time homebuyers market is hot.
According to the Housing Finance Policy Center's May 2017 Monthly Chartbook, purchase mortgages, which are loans for buying homes, stood at 60 percent for first-time homebuyers in February of this year.
We welcome the actions announced today by the Ontario Government aimed at addressing the affordability of homeownership and expediting access to affordable housing stock suitable for aspiring first-time homebuyers," said Stuart Levings, President and CEO of Genworth Canada, the country's largest private-sector provider of mortgage default insurance.
1 million to first-time homebuyers such as start-up families.
com is pleased to announce some changes being implemented by the Ontario Minister of Finance that will put home ownership in reach of more Ontario first-time homebuyers and provide relief for some current homeowners.
For first-time homebuyers, the current Utah market is singularly unattractive.
There is also a tax credit that can amount to $2,000 each year for first-time homebuyers.
BANKING AND CREDIT NEWS-June 12, 2015-Capital One educates first-time homebuyers with online learning center
The credit union said this in large part due to first-time homebuyers and a surge in home sales.
The bank attributed the gain to interest from first-time homebuyers in this segment.
When the taxpayer purchased the home in 2009, IRC Section 36(a) provided that first-time homebuyers were entitled to a tax credit equal to the lesser of 10 percent of the purchase price, or $8,000, as an incentive for purchasing a first principal residence.