2nd home loan by FHA

[Pandu Chimata]

I own a house and its currently on conventional load and it's on my sole. My wife is not part of the loan.

I am planning to buy a 2nd and vacation home (80 miles away) from the primary residence.

I would like to use the low down payment to purchase this property. Can I or my wife get a FHA loan for the 2nd home ?

If yes, what are the other options to put in low down payment but still gets the best interest rate ?