The Federal definition of a first-time homebuyer is someone who has not been on the title of a home for the past three years. Even though you weren't on the loan, you being on the title of your parents' home makes you ineligible for first-time homebuyer status unless you can document that you have been living in a rental property as your primary residence for the last 3 years. Documentation includes 36 months cancelled checks and a Verification of Rent (VOR) from a Property Management Company (not a relative).
Even though you must be a first-time homebuyer to use our down payment programs, our first mortgages do not require that you be a first-time homebuyer.