Buying a second home with a FHA mortgage

[Henry Van Eijk]

Hi, 

I am new here but just have a quick question. Let's say I buy my first home with a FHA mortgage, which is ideal because I only have to put 3.5% down as a first time buyer. If I want to buy a second home as my primary residence and keep the first and rent it out, can you use an FHA mortgage on the second one? I know you can only have one FHA mortgage at a time, but is it common to refinance the first house with a non-FHA mortgage then buy the second one with an FHA. How do people typically approach buying a second home like this if they want to keep the first one and rent it out. Coughing up 20% of a down payment for a second house can be a lot which is why I thought the FHA mortgage would be ideal.

Thank you.