Getting FHA loan on 2nd home (personal)

[Michael Fliderman]

Hi Everyone,

I am currently looking at investment multifamily investment properties and plan to get a convention loan. The property will go under an LLC. Would I still then be able to get a First Time Home-Buyer loan program on my personal home purchase (2nd home purchase) if the 1st property I buy is an investment under my LLC?

In other words:

1st Purchase - Multifamily (Investment) | Using conventional loan

2nd Purchase - SFH (Personal) | Using 1st Time Home Buyer Program/FHA Loan

Multi - will be around $80K total price (15% down - 12K down)

Personal - ~$300K (Hoping to be able to put <10% down, ~$20K)

Still learning about loans. I appreciate the help!