First Time Home Buyer
Last modified June 10, 2023A First Time Home Buyer is considered by HUD to be any natural person who has not owned a principal residence in the past 3 years. The question generally arises when someone is attempting to receive down payment assistance to purchase a principal residence.
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Top 10 terms for First-Time Home Buyers:
- VA funding fee
- Buyers Closing Costs you'll want to know about.
- ALTA (American Land Title Association) Closing Disclosure Statements
- Title company Escrow account
- Survey Fee
- Buy Down
- Buyers market definition
- Lender Inspection Fee
- Homeowner's or Hazard Insurance policy
- Government Sponsored Entity or GSE