las vegas fha home loans: FHA Home Loan 90-Day Flip Waiver Financing
- 11/03/11 01:48 AM
FHA Home Loan 90-Day Flip Financing Recently, the FHA flipping rule was waived. So FHA's requirement that homes must be owned by a seller for at least 90 days prior to reselling in order to qualify for FHA mortgage insurance. This waiver makes it much easier for home buyers to use FHA home loan programs to purchase REO properties as well as privately sold properties that have been held for less than 90 days. In the Las Vegas market, there are quite a few private parties and entities purchasing homes at the trustee sale or on the open market, improving the property, and (0 comments)