What Is A First Time Buyer

Contents

  1. – Many first-time buyer programs require at least one borrower who is a "first-time buyer," but that doesn’t mean you won’t qualify if you have purchased a home before. The definition of "first-time buyer" generally means a borrower who has not purchased a residential property within the past 3 years.

    First-Time Home Buyer – Investopedia – Sharper Insight. – What is ‘First-Time Home Buyer’. A first-time home buyer is an individual who is purchasing a principal residence for the first time.