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.
Before we go into more detail, here is a simple way to look at how you qualify for a first time home buyer FHA loan: You either make enough money to qualify for an FHA loan or you donât. You either have demonstrated credit worthiness or you havenât. Itâs as simple as that! First Time Home Buyer Florida Program FAQs.