### Question
How does FARM HOUSING define first-time homebuyer?


### Answer
Under *42 U.S.C. § 1472*, **first-time homebuyer** is defined as:

> any individual who (and whose spouse) has had no present ownership in a principal residence during the 3-year period ending on the date of purchase of the property acquired with a guaranteed loan under this subsection except that—


(i) any individual who is a displaced homemaker may not be excluded from consideration as a first-time homebuyer under this subparagraph on the basis that the individual, while a homemaker, owned a home with his or her spouse or resided in a home owned by the spouse

#### Citation:
  - *42 U.S.C. § 1472*
  - Heading: **CHAPTER 8A-SLUM CLEARANCE, URBAN RENEWAL, AND FARM HOUSING > SUBCHAPTER III-FARM HOUSING**

