Please call (303) 222-0027 or e-mail firstname.lastname@example.org for a free list of first time home buyers programs available for properties in the Denver metro area.
You would think that the definition of a first time home buyer would be fairly straightforward: someone who has never bought a house, townhome, duplex, loft or condo.
Interestingly, though, most first time home buyers programs in Denver follow HUD’s guidelines, which are fairly broad.
HUD Definition Of A First Time Home Buyer
The US Department of Housing and Urban Development (HUD), which oversees FHA loans, defines a first time home buyer as someone who hasn’t had any ownership in a principal residence in the last three years. The three-year period ends on the date you purchase your new home.
Spouses And First Time Home Buyers
The definition of a first time home buyer above includes a spouse. So, if either you or your spouse hasn’t owned a home in the past three years, and you’re buying a house together, you’ll qualify for first time home buyers programs.
Displaced Homemakers And Single Parents As First Time Home Buyers
If you’re a single parent or a displaced homemaker, and you owned a home with your former spouse while you were married, you’ll still qualify as a first time home buyer.
Types Of Property That Qualify For First Time Home Buyers Programs
The definition of a “home” can include: houses, townhomes, duplexes, triplexes, lofts, and condos throughout the Denver metro area. It’s important to note, however, that not all multi-family buildings meet the criteria for certain first time home buyers programs. Thanks to our years of experience as real estate agents working with first time home buyers throughout the Denver metro area, we can steer you toward the properties that will qualify.
For more information on the definition of a first time home buyer or to start looking for a home, please call us at (303) 222-0027, or e-mail email@example.com.
Please Note: As real estate agents who work with a lot of first time home buyers, we cover the entire Denver metro area, including all of the suburbs. We help buyers in all price ranges find all types of properties! To learn more, contact us for a free consultation.