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.
The average age of a first-time house buyer has risen to 35, up from 28 just a decade ago, due to rising house prices and reduced levels of savings, research has found. The age at which the average prospective buyer expects to buy their first home is 35 years old, according to a survey by Post Office Mortgages. This compares to 28 years old ten years ago, and 30 years old five years ago. The Post Office said that in the early 1960s the average age was 24.