first time home buyer

I've been told that my income is too high to qualify for first time home buyers, is that true. income is between 55k and 57k.. i work in the collection field and there are bonuses.
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August 26 2011 - US
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Answers (3)

It is not fun to find out you are just a tad over the income guidelines for an attractive lower interest rate program with lots of incentives you just missed out on. Owning a home should not be put off. Do the best with the interest rates, programs in your local area. But stop renting, start owning and building equity in some property. To work your way off, get them paid off in time.
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September 04 2011

I just met with the management of Well's Fargo FHA loan program to first time buyer and the Federal government has just lowered the credit schore needed to buy your first home to 500 fico credit score. This opens the doors for those who have great jobs like you and some money to put down.

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August 26 2011
Profile picture for wetdawgs
Which first time home buyer program are you interested in?   The Federal one no longer exists.  If you've talked with a local lender about your local programs, chances are good their information is correct.
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August 26 2011
 
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