Conventional or FHA First Time Homebuyer Financing

[Brianna M.]

Hello! So I am planning to buy my first investment property out of state and rent it out within the next few months. I’d use conventional financing for it. I want to make sure it doesn’t disqualify me from low down payment (3 or 3.5%) / first time homebuyer financing when I decide to purchase a primary residence in a couple years. The investment property will be my first property and I am currently renting in Los Angeles.

Does anyone know if or how this could affect my financing when I decide to purchase my own home?

Thanks in advance!