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.
A home-owning spouse can disqualify you as a first time homebuyer. The first-time homebuyer credit was established as a way to encourage home ownership. This credit generally doesn't require repayment as long as the purchaser uses the home as a primary residence during the 36 months following purchase.