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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 Home Buyer".

Here are 5 simple steps for buying your first home.



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