| What types of homes would qualify for First-Time Homebuyer Credit?
The IRS has stated that "any home purchased by an eligible first-time home buyer will qualify for the credit, provided that the home will be used as a principal residence and the buyer has not owned a home in the previous three years."
The IRS has included a broad range of eligible homes that would qualify for this tax credit, and these are as follows:
1. Single-family detached homes.
2. Attached homes like townhouses and condominiums.
3. Manufactured homes (also known as mobile homes).
4. Houseboats.
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