First time home buyers benefits expire if you buy a house and don't use them in your first purchase?

Dumb stupid idiot moron and those are nice names for what you are doing. there is also fraud. She is using you and you will end up with the short end of the stick. That 5k will go for legal bills when she defaults on the mortgage, fails to pay real estate taxes, fails to maintain the property. You will be paying the mortgage for someone else. You put that name on that mortgage loan and she cannot refinance in three years because she has no job, her credit is crap. So you are still on the mortgage. you can never get a mortgage for yourself. Please talk to your bank or accountant. Talk to a stranger in the street and they will tell you this is dumb. You would no longer qualify for the credit. It is for First Time home buyers. You already have a home in your name