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Updated about 2 years ago,
Qualifying for an FHA loan
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.