– Many first-time buyer programs require at least one borrower who is a "first-time buyer," but that doesn’t mean you won’t qualify if you have purchased a home before. The definition of "first-time buyer" generally means a borrower who has not purchased a residential property within the past 3 years.
Mortgage Requirements for First-time home buyers in 2018 – Mortgage Requirements for First-Time Home Buyers For the most part, mortgage qualifications and requirements are the same for first-time and repeat home buyers alike. There really isn’t much distinction, from the perspective of mortgage loan eligibility.
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What Rising DTI Limits Mean for Your Next Mortgage – Relaxed DTI requirements are especially good news for first-time home buyers, who tend to be younger, on the lower end of their earning potential and dealing with student debt, says Ray Brousseau,
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