Can FHA loan be paid off in 6-12mo?

[Josh Dubin]

Hi guys,

So, I'm looking to purchase my first home with the intentions of flipping it. I need the highest LTV possible, as I have little saved up. Hard money loan programs seem to be ideal for flipping as they are asset-based, however, have a lower average LTV than the 96.5% seen with an FHA. My question is this, and please forgive me if it's a silly one but, can I choose to pay off the FHA loan in ~6mo, once the flip is completed, or must it be paid off over the full 30 years? If so, it would make sense for me to go that route, right?

I found this article on the matter but am having a tough time interpreting it due to my rudimentary understanding of things. 

https://www.ovmfinancial.com/fha-flipping-rule/

[Teri Feeney Styers]

@Josh Dubin - will you live in the property? Several red flags here - if the property needs much rehab then it probably isn't eligible for an FHA loan (unless you get an FHA 203k which is specifically designed for fixer houses). FHA means owner occupied. If you get the loan and never intend to live in the property then that is mortgage fraud. If you get the loan, live there, work on the house and then sell it in a year - then you are okay.