Sentences with phrase «buyer as a primary residence»

Not exact matches

If you have not owned a home (as your primary residence) in the three years prior to your home purchase, then you meet the IRS definition of «first - time» buyer.

Interesting data points: Absentee buyers, typically investors who don't intend on living in the home as a primary residence, made up 22.3 percent of all homes sold in March, up from 20.9 percent at the same time last year.

If you have not owned a home (as your primary residence) in the three years prior to your home purchase, then you meet the IRS definition of «first - time» buyer.

USDA buyers will need to occupy the property as their primary residence.

Home buyers may use a VA - guaranteed loan to: Buy a home as a primary residence (existing or pre-construction) or refinance an existing mortgage loan into a VA loan, without the need to produce a cash down payment.

Morneau initiated regulatory changes that make it more difficult to get home loans, but he so far has stayed away from sacred housing sops, such as the capital - gains exemption on primary residences and the ability of first - time buyers to use their tax - protected savings to purchase homes.

The rule for VA, FHA and USDA home loans is that the buyer must intend to occupy the property as a primary residence.

What's more, 92 percent of those buyers say they would use the foreclosures as their primary residence rather than using them as investments.

Thirty - four percent of vacation - home buyers said they plan to use the property as a primary residence in the future, as did 10 percent of investment buyers.

You never know what the buyers» motivations are as they could be looking for a primary residence, home for their children, investment rental income, renovate and flip or even a second home.

However if you aren't a cash buyer and plan to finance the home as well as have a mortgage on your current home, you will need to be very clear to your bank which is your primary residence.

Andrew learned in corresponding with the buyer that she intended to use the property as a vacation home and not a primary residence; however, Andrew neglected to communicate this information to his Fannie Mae Sales Representative and allowed the buyer to submit the offer as an owner occupant.

One - third of vacation buyers plan to use their property for vacations or as a family retreat, 19 percent plan to convert their vacation home into their primary residence in the future, and 13 percent bought for potential price appreciation; the same share purchased because of low real estate prices and because the buyer found a good deal.

More than half (57 percent) of all international buyers bought the property as a primary residence, while almost one - third (31 percent) of them purchased the property as an investment.

Buyers who want to use the home as their primary residence lose out on many of the tax advantages available to homeowners with conventional loans, since the IRS allows home owners to deduct all mortgage interest on loans up to $ 1.1 million.

Any single - family home, townhome or even multi-unit (up to four units) property can be financed with FHA 203k financing, so long as the buyer is buying the property as their primary residence.

Buyers of HUD homes as their primary residences who make a full - price offer to HUD using FHA - insured mortgage financing receive seller concessions from HUD enabling them to use only a $ 100 down payment.

Local real estate is in high demand, so as primary residence, second - home, or first - time home buyers you'll find coastal living at a reasonable price.

USDA buyers will need to occupy the property as their primary residence.

According the 2012 NAR Home Buyers and Sellers Profile, 40 percent of repeat buyers use the proceeds from the sale of their primary residence as a source of down payment, but downsizing boomers may have enough equity left from their home sale to pay all cash for their next purBuyers and Sellers Profile, 40 percent of repeat buyers use the proceeds from the sale of their primary residence as a source of down payment, but downsizing boomers may have enough equity left from their home sale to pay all cash for their next purbuyers use the proceeds from the sale of their primary residence as a source of down payment, but downsizing boomers may have enough equity left from their home sale to pay all cash for their next purchase.

The National Realtors» survey found only 40 percent of Chinese foreign buyers intend to use their U.S. home as a primary residence for their recently immigrated family.