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HomeForumsStarting OutFHA Loan and flipping first house
Rita Temple's profile image
Rita Temple's profile image
Rita Temple
  • Investor
  • from Citrus Heights, CA
  • Member since Sep 11, 2014
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22
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Rita Temple's profile image
Rita Temple's profile image
Rita Temple
  • Investor
  • from Citrus Heights, CA
  • Member since Sep 11, 2014
Connect
Rita Temple
  • Investor
  • Citrus Heights, CA
6
Votes |
22
Posts
Starting Out

FHA Loan and flipping first house

Rita Temple
  • Investor
  • Citrus Heights, CA
Posted Mar 30 2015, 16:47

So please correct me if I'm wrong. But, I have to reside in the house for a year if it is a FHA loan? What if I was to find a house and use the FHA plus 203k loan, then once I'm ready to sell convert to a conventional loan within 6 months of living there. Or would I only be allowed to convert to a conventional loan after living there for a year?

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