If I have an FHA loan can I be a co-signer to another FHA loan?

[Robert M.]

I am in the San Diego market where houses are pretty expensive and I am finding it difficult to afford the down payment on a 2nd home. I have had my current home since April 2009 and short sold an upside down condo in Feb 2011.

I want to buy another house right now while the prices/interest rates are low. Problem is that due to my short sale I need to come up with 20% down payment or wait until Feb 2014 to be eligible for a 10% down payment.

My brother is in the market for purchasing his first home and we are leaning towards multi-family properties (2-4 units). Is it possible for him to apply for an FHA loan as a owner occupant and I be a cosigner on the loan?