First Time Home Buyer

Fannie Mae Qualifications for First Time Homebuyers

Share List If you have owned a house before, you may still qualify as a first-time homebuyer.  Here are the requirements: Three years of non-homeownership Fannie Mae, one of the big three government-backed mortgage investors (and mortgage standard-setters), defines first-time homebuyer as a mortgage loan applicant who fits all of the following three descriptions: (1) purchasing the security property, (2) residing in the security…

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