yes and no... it all depends on what program you are applying for. Any regular FHA, VA, USDA, or conventional loan, it doesn't matter. Overall, I would need to know what program you are trying for in order to answer that question. Each loan program is different. In most cases, first time home buyer doesn't mean as much as one would think.. again, in most cases. If going for a state bond loan program, there are specific guidelines, and it's usually defined by not owning a property for more the 3 years.
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