Posted on: 21st Mar, 2011 06:31 am
My fiance and I live in Michigan and are getting married before we buy a house together. Since I currently own a two family home could my wife buy a house in her name after were married to get first time home buyer incentives and avoid paying a large down payment?
Thanks,
Thanks,
Hi vanportd!
Welcome to forums!
If your wife has not owned a property in the last 3 years, then she can apply for first time homebuyer's incentives. However, as you own two properties, you won't be able to qualify for any incentives and you won't be considered as a first time homebuyer.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If your wife has not owned a property in the last 3 years, then she can apply for first time homebuyer's incentives. However, as you own two properties, you won't be able to qualify for any incentives and you won't be considered as a first time homebuyer.
Feel free to ask if you've further queries.
Sussane