If your Missouri driver or nondriver license or instruction permit is expired more than 6 months (184 days), you do not qualify for this exemption. The exemption also does not pertain to those obtaining a new instruction permit, driver license, or nondriver license.
One of the FHAâs primary criteria is whether or not youâve owned a home. If youâve never owned a home, youâre considered a first-time homebuyer. But you are allowed to be a previous homeowner and still qualify as a first-time homebuyer. According to the FHA, you can do so if you have not been an owner in a primary residence for at least three years leading up to your purchase.
He'll even bend the IRA rules a bit to help you get into your house in the first place. You can put up to $10,000 of IRA funds toward the purchase of your first home. If you're married, and you and your spouse are first-time buyers, you each can pull from retirement accounts, giving you $20,000 in residential cash. Even better is the IRS definition of first-time homebuyer..