For instance, you belong to this group if you haven’t owned a principal residence for the last three years. You also qualify as a first-time buyer if you are a “displaced homemaker who previously owned with a spouse” or you own a mobile residence not affixed to a permanent structure, according to HUD. These would-be borrowers can get help from state programs, tax breaks, and government-insured loans. Moreover, they may be eligible for lower down payments and less stringent credit requirements. #conceptblog