My husband and I are in the process of buying a home. I own a condo, which I purchased in 2004 before our marriage and where we currently live. My husband has never owned a home. He will be the only person carrying the new mortgage and we will both be on the new title. He is not on the condo title. Does he qualify for either credit, since he does not technically own the condo? I l have lived in the condo for 5 consecutive years, but he did not move in until after our marriage, which was in 2008. Please help!

Neither of you will qualify for the $8000 FTHB credit because if both don’t qualify, neither will qualify.
For the current home buyer credit, you must have lived in the house 5 of the last 8 years.
Again both must qualify, so since your husband has not lived in your current home for that period he does not qualify for the current home owner’s credit so neither of you qualify.

Similar Posts:

Share