First-Time Home Buyer Qualifications: What to Know
By The Lending Mamba | Your Trusted California Mortgage Partner Buying your first home is a big milestone—exciting, but also overwhelming. At The Lending Mamba, we’re here to simplify the process and help you understand exactly what it takes to qualify as a first-time home buyer . Whether you’re in Anaheim, Cerritos, Chino Hills, or anywhere in California, this guide breaks it down for you. Who Is Considered a First-Time Home Buyer? Surprisingly, you don’t have to be someone who has never owned a home to qualify. You’re considered a first-time buyer if: You haven’t owned a home in the past 3 years You’ve only owned a home with a spouse (and you're now single) You’ve owned a property that wasn't permanently affixed to a foundation (like an RV) 🧾 Basic Qualifications You’ll Need Here’s what most lenders (including us at The Lending Mamba ) look for when you apply: Stable Income & Employment Lenders Typically prefer 2 years of steady employment. Self-employed? We can look ...
