The definition of a first time home buyer can vary from state to state. In the state of Maryland and the district of Columbia, a first time home buyer is a person who hasn’t own a property for the past 3 years prior to purchasing another property. Purchasing a property in a targeted area qualifies as a first time home buyer as well.

A person who never owned a property is a first time home buyer.

It is important to know whether or not you are a first time home buyer as it can make difference on qualification for some programs and assistances.

Moreover, first time homebuyers can qualify for the mortgage credit certificate. The MMC allows mortgage interest deduction.