90 Day Flip Rule FHA

[Chris Bounds]

Question for flippers and the 90 Day rule for FHA financing: Can you enter into contract prior to the 91st day, but wait to execute on the 91st day?

Example where the 91st day is 11/10/2015

A buyer comes along today (10/27/2015) and offers full price using FHA financing. They want a 10 day option for $100. You agree to take a $200 option fee from the buyer and to set the execution date for 11/10/2015.

Will the lender have any issue with this? I'd assume as long as the loan application isn't submitted until 11/10 they would not have an issue.