Newbie FHA loan question...
Hi all. I've been lurking for a little bit and I still have so much to learn. So forgive the newbie question: must I work in the same city where I intend on purchasing a home using an FHA loan? I live (for the moment) and work in NY and I am exploring the idea of purchasing an investment property out of state....perhaps Florida. Can I qualify for an FHA loan using my current NY job and use it to acquire a property in FL or someplace else for that matter?
What is the current situation with the FHA market in general?
Thanks all.