two people on loan and one occupant?

[Jane Kim]

Could both my cousin and I be on a FHA loan while only my cousin lives in the property? I currently already have a owner occupied VA mortgage. Will this effect this also? My cousin will be starting a new job about an hour away from where I live and it seemed better to just purchase (while renting other unused rooms) than paying apartment rent but I wanted to explore ways to decrease the cash up front needed. I know as an investment property, its 20-25% down but has FHA it can be as low as 3%.