Disqualified from FHA loans if purchase property on foreign lands first?

[Jake Santos]

Hi All,

Currently am looking to get my first property. Am a dual citizen (US & Portugal) and work remote, have been considering investing in Porto, Portugal (highly touristy area that has been growing tremendously not only in value, but in tourism) where my family is from or getting a multifamily here in the states (currently live in the tri-state area). Curious to know if I were to move on a foreign property, would I lose my eligibility to then use my FHA loan on my first property here in the states?

Also, thoughts on potentially investing abroad first vs the tri-state area (where house prices have skyrocketed)?

Thanks!