I was in the deed of shone with my ex husband, but I was not on the loan. We split in 2009 and the home was foreclosed on shortly after that. I would like to purchase a home of my own now and, in wondering if I qualify as a first time home buyer. Thank You in advance
Any person who has not owned a principal residence in three years qualifies as a first-time home buyer under FHA guidelines. It does not matter if the previous home was sold or foreclosed on. If it's been 3 years since the foreclosure auction then it does not matter as you will be considered a first time buyer anyway.
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