Ownership of a vacation home or rental property not used as a principal residence does not disqualify a buyer as a first-time home buyer.
But you have to provide the proof that you did not live in there as primary anytime.
Correction. You can qualify. See the answers here
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how to qualify? through 2008 tax return or apply
-laoyangdelp-
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01/27/2009 postreply
20:24:25
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Not approved yet. The congress will vote soon
-CALoanAgent-
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01/27/2009 postreply
20:29:59