Common use of First-time homebuyer Clause in Contracts

First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principle residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution.

First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principle principal residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution.. 8) IRS

First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principle principal residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution.

First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principle residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution.qualified