There is no mandatory time limit as to when you can sell your home, however if you purchased it recently with the intent to fix it up and flip it, then if you try to use FHA for the next home, the underwriter could question your intent.. they will know what you purchased, how much you paid for it, and what you sold it for, and how long it took to sell.. if they think your doing an end run around "Investor purchasing" which typically requires 20% or more down and higher interest rates, then they could deny you on the next one.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
You can sell right after closing. There is no waiting period. Call meYours in success,Leonard UjkicBranch Manager - Irving TXDirect Phone: 214-432-9047Cell: 214-557-4505Fax: 855-338-5625Individual NMLS: 320736Branch NMLS: 1219148Email: leonard@nlcloans.com Nations Lending Corporation NMLS# 324161300 W Walnut Hill Lane, Suite 256, Irving, TX 75038 Terms of Use | Privacy Policy | State Disclosure Requirements
There is no time frame for selling the property.
There is no pre payment penalty on FHA loans - you can resell your property anytime- Be aware that if you have purchased the property within the last 6 months,did repairs and renovations and are trying to "flip" the property and then take out another FHA loan, the underwriter may question your intent to live in the property as you primary residence. For more information e-mail me at pete.bass@everbank.com
Not that this would necessarily matter to you as a borrower, the lender may be charged back for an "early payoff" from their investor. Typically this period is about 210 days the investor must hold the loan in order for the originating lender to avoid being charged this fee.If I can help, just let me know.Thank you
Right away - no rule against it. It may make it harder to get FHA financing again for the next 12 months however.
There are no pre-payment penalties or any other restrictions to selling a home financed with a standard FHA loan. You can do it anytime you desire.
There isn't a mandatory waiting period.
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