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04-14-2011, 09:35 AM #1
Renter
- Join Date
- Apr 2011
- Posts
- 1
Fha
When buying a house FHA, is there a time frame you must live in the house before selling it ?
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07-10-2011, 01:01 PM #2
Fixer Upper
- Join Date
- Jul 2011
- Posts
- 46
The Federal Housing Administration (FHA) is a United States government agency created as part of the National Housing Act of 1934. It insured loans made by banks and other private lenders for home building and home buying. The goals of this organization are to improve housing standards and conditions, provide an adequate home financing system through insurance of mortgage loans, and to stabilize the mortgage market.
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09-07-2011, 05:59 PM #3
Fixer Upper
- Join Date
- Aug 2011
- Posts
- 50
No there is no time frame for living in a FHA loan home before selling it. However in order to protect against flipping, future FHA buyers cannot purchase a home that has been previously sold less than 90 days prior to purchase.
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