FHA Loan question for first time home buyer
Can you use a FHA loan after purchasing your first investment property? Or is a FHA loan only for your first time home purchase, regardless of whether or not the purchase is your investment property or primary residence?
For example, I live in NJ and would like to purchase my first rental property in South Carolina. If I choose to go with a traditional mortgage on this property, can I use a FHA loan down the road when I want to purchase my primary residence up here in NJ?
Any help would be much appreciated!