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Updated almost 8 years ago on . Most recent reply

User Stats

104
Posts
32
Votes
Brian Nordman
  • Oregon, IL
32
Votes |
104
Posts

Use of First Time Homebuyers Grant

Brian Nordman
  • Oregon, IL
Posted
I'm looking into doing a deal and I've been made aware of the First Time Home Owners grant to be used on the down payment and closing costs. I'm currently single at the moment but will likely be getting married within the next few years. I want to use this grant on my first investment property while I house hack. But my concern is that if I use this grant now, my future wife and I would not be eligible to use this grant on a home of our own. If once we're married, we were to put the purchase of a new home in her name would be still be able to use this grant since it's technically her first time being a home owner? I know this is a strange question I'm just hoping someone has had some sort of advice on this situation.

Most Popular Reply

User Stats

104
Posts
32
Votes
Brian Nordman
  • Oregon, IL
32
Votes |
104
Posts
Brian Nordman
  • Oregon, IL
Replied

Christopher Phillips wow thank you Chris you just answered my entire question! It was basically the outcome I expected but I wasn't aware of the limit on income to solely my future wife's if I were to use my eligibility now. So I appreciate that information!

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