Is there anyway to be considered a 1st time homebuyer a second time? My situation is that my hubby and I bought a home in '92 and had to walk on it in '94 due to layoffs and high property taxes. As of February 2001, our foreclosure is completely off our credit report and there is no record of our first fiasco! I am pretty sure we purchased under 1st time homebuyer through FHA the first time, but I am not 100%. Do they keep record or can we try this method once again? Like I said, I know it may sound dumb, but it doesn't ever hurt to ask.