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Updated about 2 years ago,

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6
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Erica Ho
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6
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Qualifying for an FHA loan

Erica Ho
Posted

Hello,

I am a first time home buyer and was thinking of buying an out of state rental property first. The second home I would buy would be my primary residence in a much more expensive area like NYC where I would be house hacking. Would I still qualify for a FHA loan on that primary residence since it's technically my second property? Trying to see what is the best approach to get favorable first time home owner benefits.

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