Do You Qualify for First-Time Buyers Credit

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Did you know that there are more than 2,500 grant and loan programs in the United States designed to make your home purchase more affordable?

That’s a whole lot of money that can help you land that dream home.

The best part? You might even qualify if you’ve owned a home in the past!

The Federal Housing Administration expands the definition of “first-time home buyer” to include anyone who hasn’t owned a principal residence in the last 3 years. 

This means that you could be eligible for special programs if you’re:

  • A single parent or displaced person who has only shared home ownership in the past
  • Anyone who has owned a home that’s not permanently connected to a foundation, like a mobile home
  • Anyone who has only owned property that didn’t conform to state, local, or model building codes


Many first-time home buyer programs offer tax benefits, most commonly in the form of mortgage credit certificates (MCC) that let you convert some of the mortgage interest you pay into a federal tax credit.

In addition to MCCs, first-time home buyers can also take advantage of the credits available to all homeowners, including:

  • Mortgage insurance deductions
  • Mortgage interest deductions
  • Property tax deductions
  • Renewable energy tax credits

With so many programs available, it can be difficult to understand the best options for you. That’s where I come in! If you’re in interested in learning more about any of these options,  check out my Down Payment Assistance Program page. 

If you’re thinking about making a move (or know someone who is), just send me a message or  text.  No pressure, no sales tactics, just helpful advice and the guidance you need!

And finally, if you’re not thinking about making a move just yet, feel free to save this page for future reference, so you can come back to it! 


P.S. Be sure to check out my free local Facebook Group ExploreWithNina, it’s a great place to connect with other community members and get weekly updates on the best events and happenings in and around town!

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Nina Rodriguez

I'm Nina Rodriguez. I am a Realtor at Coldwell Banker Realty. I live and work in the Hudson Valley and love everything this area has to offer. If you live or thinking about moving here, you have come to the right place! Stay up to date on Events, Outdoors, Real Estate, and more. I’m looking forward to connecting with you soon! See you around town! | 914.685.8222

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