Utah First Time Home Buyers
Most grants and down payment assistance require the buyer be a
"First Time Home Buyer". However, this can be deceiving.
Most people think that if you have previous bought a home then you
are not a "First Time Home Buyer". Fact is, grants are
qualifying buyers based on the lending definition of "First Time
Home Buyer", which is:"
"Anyone who has not purchased or owned a home
in the last three (3) years."
So, people who have purchased before can qualify as
long as they have not owned in the last three years. Also, FHA
will allow buyers who have foreclosed on their previous home to
purchase a home as long as it has been 3 years since the
foreclosure. So not only can a person who was foreclosed on
purchase a home with FHA, they care also considered a "First Time
Here are 5 simple steps for buying your first home.