How much money do I need to put down as a first-time home buyer?

Answer Conventional loans usually require a downpayment of 10 percent to 20 percent of the purchase price of the home. For Federal Housing Administration (FHA) loans, which are loans backed by the U.S. De... Read More »

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First Time Homebuyer HUD Guidelines?

In the United States, the Department of Housing and Urban Development (HUD) recognizes that not everyone can afford to purchase a home without assistance. Therefore, HUD offers grants for first-tim... Read More »

How to Replace a First Time Homebuyer IRA Distribution?

Although an Individual Retirement Account is intended primarily for retirement savings, you can take distributions from the account at any time, subject to Internal Revenue Service penalties and ta... Read More »

Can a Wife Qualify Alone as a First-Time Homebuyer?

Qualifying as first-time home buyer means you have not been listed as an owner or joint owner on any previous residence secured by a mortgage. Other qualifications exist as well, including meeting ... Read More »

How does the first-time homebuyer tax credit work?

There are several advantages to becoming a homeowner. In addition to taking advantage of low interest rates, first-time home buyers may also get a substantial tax credit for their purchase.FactsUnd... Read More »