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Updated about 4 years ago, 12/25/2020

User Stats

73
Posts
16
Votes
Joseph Rios
  • Investor
  • Paterson, NJ
16
Votes |
73
Posts

Is the 203k loan subject to the FHA 90 day flipping rule?

Joseph Rios
  • Investor
  • Paterson, NJ
Posted

A week ago I closed on a property with enough equity that I believe it would sell for around $75k more if I were to put it back on the market (without doing any work to it, except for getting rid of the trash which is pretty much everywhere and cleaning it up a bit). This would be an ideal home for a 203k buyer (it's a medium rehab project) definitely not for an investor as there wouldn't be enough profit left for them. Would a 203k buyer be subject to the 90 day FHA flipping rule? If so, does a conventional or VA loan offer a type of rehab style loan that would not be subject to this rule?

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