Bridget's Blog


I Inherited A Home, Now I Want To Buy. Am I a First Time Buyer?

I Inherited A Home, Now I Want To Buy.  Am I a First Time Buyer?

If you own a property (even if it is inherited) AND it is your primary residence, you are not considered a first time home buyer.  If you own the property but do not live there, you may still be considered a first timer.  


If you choose and need down payment assistance, you may be able to purchase in a targeted area (I can show you where to find this information) as long as you are not on title to the inherited property at the time of purchase. If you are on title, the property would have to be sold or refinanced or quit claimed out of your name PRIOR to the purchase.

                           Inherited a home, am i a first time buyer



For title purposes, if you are on title to a home you inherited, you would not be eligible for the waiver of the Maryland state transfer taxes afforded to first time buyers. If you have not taken title or have not owned (and occupied) the property in Maryland in the last three years, the state transfer tax will be waived.

I Inherited A Home, Now I Want To Buy.  Am I a First Time Buyer?

Warm Regards,

Bridget McGee  Maryland Mortgage Mama  NMLS# 196068  SWBC Mortgage.   410-960-2061 EHO or


If you are considering purchasing a home in Maryland and want to be sure you are mortgage ready, my brother Tony and I will be happy to help! We help to make the mortgage process a pleasure! 

If you already own your home, we are happy to provide a no-cost mortgage review to help you to determine if refinancing may be in your best interest.  Please contact me at 410-960-2061.

Comment balloon 4 commentsBridget "Mortgage Mama" McGee • March 01 2015 01:35PM


 Good Tuesday morning Bridget. Logic would say no attorneys say yes. Naturally, we will have to side with the attorneys as they rule the roost.

Posted by TeamCHI - Complete Home Inspections, Inc., Home Inspectons - Nashville, TN area - 615.661.029 (Complete Home Inspections, Inc.) about 5 years ago

I get asked this question all the time.  Thanks for clarifying that for me and your readers. 

Posted by June Piper-Brandon, Piecing Dreams One Home at a Time (Houwzer Inc) about 5 years ago

Interesting twist on this ! Thanks for clarifying . Go  O's  !!!!!!

Posted by Michael J. Perry, Lancaster, PA Relo Specialist (KW Elite ) about 5 years ago

Michael,  it's all about the attorney's!

June Piper-Brandon, they may be able to buy in a targeted area and still get the benefit of first time buyer programs.  They can't be on title to another home at the time of purchase.

Michael, my pleasure! Go O's!!


Posted by Bridget "Mortgage Mama" McGee, Maryland Mortgage Mama NMLS#196068 (SWBC Mortgage 410-960-2061) about 5 years ago