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People who own and live in mobile homes or manufactured homes not affixed to a foundation qualify for the first-time home buyer designation. People who live in homes that are in violation of local building codes or whose homes would cost more to fix than to buy a different home also qualify as first-time home buyers.
Keys to Wealth, Success and Influence From a Young Entrepreneur. The average age for first-time home buyers in the U.S. is around 33, a relatively young age for such a big life choice. That said, buying your first home at any age can be a stressful and time-consuming experience. Luckily, there are a few crucial pointers that will help make the journey to homeownership a less bumpy ride. Here are five tips to get you on your way. Related: 6 Things Millennials Have Taught Me About Real Estate.