Can you buy an investment home with an fha loan?

FHA loans are intended to be primary homes only. So you're going to have to live there for at least a year. If you find another home the departing home can now become an investment or second home but you can only have one FHA mortgage at one time. There are some exceptions but in this scenario you're best bet is to put down the 20-25% for an investment home. Give me a call or email if you want to speak on this further on this. I have know some really good Loan officers in your area that can help.

FHA loans used to purchase homes are only available for primary residences. It is possible to refinance an FHA loan as an investment once you have lived in the property and then moved out, but for home purchases FHA loans can't be investment or second homes.