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.
As a first home buyer, there are two main ways that your parents can assist you with your purchase: 1  Guaranteeing your loan: If your parents offer their home or an investment property as additional security for your loan, then the bank can lend you up to 110% of the property value with no. 2  and a low interest rate!hanks to the federal governmentâs first home owners grant, various other government subsidies and a range of new discounted 100% first home buyer loans, itâs easier than ever to buy your first home without a deposit.