Using an FHA Loan on Primary Residence
I've read multiple times about people using FHA for investment properties. I'm curious if anyone has ever used it on their primary residence or if anyone has opinions on doing so. I'll be moving from Manhattan to Northern Jersey so looking at homes in the 500K range. My thought is instead of tying up all that capital in the down payment, I can use that money on 2-3 investment props. I know the monthly payments would be higher, but if I invest the money I saved I'm thinking it would work out.
This isn't something I looked into yet, I'm still several months away from starting the process but figured I'd ask the question.