FHA 203k for First time buyers only?

Sorry if this is a "duh" question, but can you get a fha rehab loan if you already own a house? I have a place in Austin but live in LA now and would like to go the FHA route. I was looking at the official HUD FHA 203K fact sheet, and didn't see any mention of FTB requirements for eligibility. Then I clicked on the FAQs link and under borrower eligibility it *defined* FTB status - someone who has not owned a home in the 3 yrs prior to 203k application - but didn't say whether or how it applied. Any insight? Thanks in advance, y'all. by juliesims2020 from Los Angeles, California. Jan 7th 2011 Reply