Can I use HomePath Ready Buyer pgm in CA tho I own a rental in OH

[Patrick Gallagher]

I'm in California, can I qualify to purchase a Fannie May HomePath Ready Buyer foreclosure with an FHA loan, if I own a $130,000 duplex income property in Cleveland, Ohio? I would intend on making the CA property my primary residence and meet all other requirements. I thought there was a loophole somewhere in there, though I know the HomePath program does stipulate you must be a first time homebuyer. I thought there might be something about that language that would make it still acceptable since the property in Cleveland is not my home, and maybe since it's in a completely different market.

Thanks in advance