My wife and I are getting divorced. We currently own a home and both our names are on the mortgage. If I were to buy my own house in my own name, do I qualify as a first time home buyer?
I live in PA

I am looking to purchase a bank owned home and I live in California. I have a credit score of 650 and I make about 40,000 a yr. I am looking to purchase a home but I am not sure what kind of loan is available to me as a first time home buyer. I have heard about a lot of loans available but I’m not sure which ones are the most suitable for me. I am also not sure which lender or mortgage company to go with? Any ideas would help!

My boyfriend and I are buying a home together but he can not be on the mortgage because of his poor credit. I do not qualify for the 00 first time home buyer tax credit but my boyfriend does. Does he have to be on the mortgage in order to qualify for the tax credit or can I put him on the deed and will that qualify him for the tax credit?

The IRS has confirmed that if he is on the deed, lives in the house and can prove, that he has contributed towards the payment of the house, he does qualify for the credit. I am very comfortable having him on the deed but not on mortgage. Without getting into detail, his credit issues are understandable. I am awaiting to hear if the bank has any issues with him being on the deed. I will select the best answer then.

My grandmother lives in a Co-op in New York and I help her pay the maintenance, I used to live with her for several years until 2 years ago. Both of our names are on the co-op contract as share holder as well as on the Mortgage Interest Statement, Form 1098. I never took a mortgage or actually purchased any home. My question is, am I qualified for the 8000$ first time home buyer tax credit in case I buy an apartment in 2009?

For the past 4 years I have been buying my home from my uncle through an escrow service. The private mortgage does not show on my credit report, but I do claim the interest as a deduction on my taxes. I have placed that home on the market and I am purchasing another home. Will I be able to claim the first time home buyer tax credit since my previous mortgage was held privately?

I’m trying to buy a home in sullivan county new york. I feel like I am being given the run around. Everytime I find a house something changes, I looked at a house for 150k mortgage was supposed to be around 1300 a month, I decided that was a little high so I came down to 130k home mortgage still going to be 1200 a month, dropped down to 99k mortgage is going to be 1100 a month, closing costs are going to run 10k?

 The bank offered me a 6% seller concession but say I am still going to need 6 to 7 thousand dollars? The real estate agent told me to look into grants for low income or first time home buyer. We are a family of 4 (2 adults 2 kids) and income is about 37k, I however plan to go back to work once we move, right now we live in income based housing and it doesn’t pay for me to work, just more to pay to them. I am really at a loss here and need to know what’s going on, none of this makes sense to me and with things always changing, my interest rate has gone from 6 to 6.75%.

I need to get pre approved for a mortgage, but I am uncertain of where to start. I have my finances in order, and am ready to have someone try to financially approve me. Based on your experiences or knowledge who can give the best rates, and who is most likely to approve me?

Federal Housing Tax Credit explained. Learn How To Use The Home-buyer’s Tax Credit To Reduce Your Down Payment to 1.50% and eliminate closing costs for California heroes Part 2 APPLY NOW: tinyurl.com www.911hero.com Thinking of buying a home in 2010? How to buy your next home with as little as 1.5% down and low to zero closing costs using the 2009/2010 home buyer tax credit. You’ve probably heard about the new-and-improved First-Time Homebuyer’s Credit. It’s a sweet deal that could put as much as 00 in your pocket. Even though it’s called the First-Time Homebuyers Credit, you’re eligible if you’ve owned a home before – just not in the past 3 years. If you buy before April 30th 2010 you’re eligible, the IRS will cut you a check for up to 8,000. It’s tax free money and you don’t have to pay it back. helpamericaprosper.com

The one who offers minimal interest and does not require a downpayment, if not minimal. Also, in case of an above minimal downpayment, where can I get a downpayment and closing cost loan? I have excellent credit and my wife and I both work as nurses. We bought a new car with cash thus we used up our savings supposedly for downpayment.  Thanks in advance.

BREAKING NEWS! Today President Obama signed into law legislation that will not only extend the Federal First Time Homebuyer Tax Credit but will expand the Tax Credit to include some Non-First Time Homebuyers! You can get the latest by visiting my blog on my website www.danmoralez.com.

I am a first-time home buyer, and have begun the process by looking at properties, doing tons of research, talking to loan officers and mortgage brokers, and looking at FHA, various state grant programs, and specialized grants. Ideally I’d like to buy a home in New Hampshire and take advantage of the Rural Development Grant.

As I move along in this process, what kind of questions should I be asking, to myself and to the mortgage person / R.E. agent? The basics would be very helpful, thanks.

Looking for government grants for loans and help with a downpayment on a home. Please advise

What is the best rate that 1st time buyers can get with 30 year mortgage? Since I am very new at this, I want to get an idea and I don’t want to get ripped off on the rates!

I am 21 and I recently started looking into some real estate listings just for the heck of it. I came across a couple of houses that are at or below ,000, I went to take a look at them and they are in very nice condition as well as being in good neighborhoods, mostly because we are in a serious real estate slump here in Michigan. I feel like it is the right time to buy something especially so I can take advantage of the first time home buyer credit. What would be an ideal situation for me would be to purchase the home with a very low down payment and I do not know much about loans, but with a 10 year fixed APR mortgage, the loan would be extremely affordable. The plan would be that I could pay it off in ten years and either still live in it or sell/rent the property. My question is does this sound at all reasonable for me to be doing and are there even lending companies out there willing to work with low down payment mortgages that are that short of a term?

Channel 4 – WSMV-TV in Nashville – did a story about the $8,000 first time home buyer tax credit/incentive. Reporter Deanna Lambert interviewed Kathy T. for the piece. You can see the piece linked directly through the news station [www.wsmv.com or watch right here.