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Updated almost 9 years ago on . Most recent reply
FHA
I am currently in the process of purchasing a single family home from a flipper who bought the house late January. I'm using an FHA loan to purchase it from him but under FHA the property has to be purchased 90 days out before we can go into escrow.
Is there any way around the 90 days rule for purchasing a property by using FHA?
Most Popular Reply
I've tried conventional and won't qualify for it. Best option is FHA. Thank for the feedback. Also how good are the chances of going FHA with a 203K loan attached to it in getting a foreclosures instead and rehabbing it to make it livable? How difficult is it to have a buyer accept this type of loan knowing that others would come in with cash offers?