FHA will keep funding Rehabbed Properties!

Posted by:
Dennis Nottingham
December 05, 2011
37 seconds
Copied
Share
Copied

FHA has announced that they are extending the anti-flipping rule thru 2012 for investors who purchase properties and rehab them and put them immediately back on the market for sale.  FHA has a standard 90 day rule to prevent investor flips but FHA has extended this time period.  Any sales increases of over 20% must be proven and approved.  Most times two appraisals will be required.

Related Links

Leave a Reply

Your email address will not be published. Required fields are marked *

Related articles

| | | |
The year has just started; however, don't buy in haste like everyone else. With enough patience (and guidance from your trusted real estate agent), you might land a better deal. Traditionally, the most popular seasons to purchase a home are spring and summer. The school year is ending, the weather is pleasant, and inventory is […]
January 17, 2025
| | |
If you're one of the millions of individuals who hope to buy a house in the future, you've undoubtedly spent a significant amount of time browsing homes and pricing online and wondering, "How can anybody afford to buy a home in today's market?" Given the recent spikes in both loan rates and property prices, it […]
January 15, 2025
|
According to a 2022 survey, 78% of buyers utilized a mortgage to finance their house purchase, with 28% reporting being denied financing at least once before being granted. Qualifying for a mortgage can be difficult, so it's critical to do some preliminary planning to ensure a smooth closing process. Get Ready To Get A Mortgage […]
January 03, 2025
© 2022 Copyright RE/MAX Advanced Realty. All Rights Reserved.