Am I able to get FHA financing for my first home if I am purchasing it through my Self Directed IRA?
Does anyone have experience doing this?
When you say "my first home", that sounds as if you intend to live in the property. If so, then your self-directed IRA cannot be used in any way to participate in the purchase transaction as that would constitute self-dealing.
If the IRA is purchasing the home purely as an IRA investment, then the loan must be non-recourse, meaning no personal guarantee from you. In that case, FHA is not an option.
FHA financing is simply not possible with self-directed IRA. You are considered to be "disqualified person” to your IRA and as such you are not allowed to provide personal guarantee for the loan.