First time home buyer/investment property - Posted by Michelle/UP of Michigan

Real Estate Investing
1

Posted by Michelle/UP of Michigan on April 05, 2004 at 10:47:50:

Thank you Randy!

2

First time home buyer/investment property - Posted by Michelle/UP of Michigan

Posted by Michelle/UP of Michigan on April 03, 2004 at 15:22:19:

Can I buy a home using a first time home buyers mortgage, then within the same year; buy an investment duplex, then at the end of that year buy another home using a first time home buyers mortgage?

I know I can use a first time home buyer?s loan more than once. But I’m not sure if I can buy the investment duplex in between and still qualify for a first time home buyers mortgage again.

Thanks to everyone in advance.

3

Re: First time home buyer/investment property - Posted by Randy (SD)

Posted by Randy (SD) on April 04, 2004 at 09:55:01:

Owner Occupied (primary residence) YES? First Time home buyer?NO, that?s why they call it ?First Time Homebuyer? (in most cases for First Time Homebuyer you can?t have been a property owner anytime in the last three years).