90 days rule


#1

is it true that nowadays most lenders won’t approve financing for flipping properties within 90 days? It was for FHA loan before. but seems conforming loans have the same restriction now.


#2

I’m not sure about most lender. We are still closing them. We can still FHA flips down to a 600 credit score as long as we receive a Desktop Approval.

(FHA flip is where the seller has not owned the home for at least 90 days)

Hope that helps.

Michael Tacconi
Team Leader
Land Home Financial Services, INC.
877-256-4663
http://www.internet-lending.com