Start investing or take advantage of first time home buyer loan?

[Brittany Rodriguez]

Hi BP community! 

I'm torn between 2 options for getting started in real estate and am looking for some extra feedback to help make an informed decision.

I am ready to start investing, so I reached out to my credit union about financing options. Since I'm a first time home buyer, my credit union started there (To be clear - I am aware that buying a house for myself isn't really acquiring an asset as it would be to buy a property with renters, but stay with me here.)

The first time home buyer loan that my credit union is offering is unparalleled. They're offering 100% financing and will give an additional 2% towards closing costs because I have a high credit score. It's at 4.25% and 30 year fixed. This is an awesome deal, but it would mean that I'd have to live in the house and it must be single family (no house hacking here...no roommates for me!) With this being such an awesome deal, I obviously don't want it to go to waste. But I live in Nashville, and right now, prices are so inflated, it's insane. It's definitely a seller's market here (and no, I can't move to another city - my amazing job that helps me have money to invest is tied to living here). 

If I go ahead and buy a property for investment purposes, I will lose the opportunity to ever take advantage of this first time home buyer loan. 

So what is a girl to do when she has a great first time home buyer loan to take advantage of, but in a crazy inflated market potentially on the precipice of a recession, when she is also super eager to get her investment journey started (but would make her lose out on the awesome FTHB loan)? 

I hope I've clarified my conundrum and can get some advice and perspective from some seasoned investors and home owners so I can get a little guidance. 

Any further info would be MUCH appreciated. Thanks BP community!