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Updated over 6 years ago,

User Stats

9
Posts
4
Votes
Marquis Byrd
  • Woodbridge, VA
4
Votes |
9
Posts

Using a FHA loan to purchase first flip.

Marquis Byrd
  • Woodbridge, VA
Posted
I’m ready to dive into my first investment, my only problem is I don’t have the funds to put down 25 percent for a convential mortgage. I see FHA loans only require 3.5 percent which is a lot closer to what I can do right now. I wanted to know is getting a FHA loan is something I can do with my intent being flipping. Are there any restrictions on it? Do I have to hold the house for a certain period of time?

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