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.
First-time home buyers at seven-year high. The number of first-time buyers climbing on to the property ladder rose by more than a fifth last year to a seven-year high. A Halifax review said the number of buyers joining the UK property market for the first time jumped by 22% to 326,500 in 2014, which follows a 23% increase the previous year. The average cost of a home bought by a first-time buyer rose 9% to Â£171,870 compared with a year ago. However, the average cost of a deposit for this type of buyer fell 7% over the same period to Â£29,218.