06 May The financial institution can also be post a collection company once you

A: The precise concept of just what comprises a primary-big date homebuyer - and you can if might disqualify on your own out-of falling in it - is based mainly with the particular basic-time buyer program or gurus by which you would be trying receive.

Such as for example, the brand new (now-expired) government homebuyer income tax credit system laid out earliest-timers given that those who had not owned a house about 36 months preceding the purchase of your house where they was indeed picking out the borrowing from the bank.