Many government and nonprofit programs have strict concept of a first-time customer. When you haven’t had any form of ownership in virtually any house within the last few 3 years, you’re considered a first-time customer. You can’t get first-time home owner advantages in the event that you possess a leasing or investment home, even though you don’t reside in it. Before you qualify if you opt for a government-backed loan like a USDA loan or an FHA loan, note that your home also has to meet certain standards.
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