Fannie Mae

[Mark Weatherhead]

Got a question,

it is HUD homes that require you to live in...

Fannie Mae do not, they have the "HomePath program, but that is on the first time home buyer?

As an investor it would be ok to fix and flip?

Thanks for the help

[Greg H.]

Originally posted by @Jim Shepard:

I believe both require you to keep the house 91 days before you can sell it for a profit. I think the same is true for refinancing as well.

No they do not.  For Investors :

FNMA(Fannie Mae)  Deed restriction that restricts you from selling for more than 120% of purchase price for 90 days

HUD- No deed restrictions and the property can be resold immediately

You might be thinking of the FHA rule that requires you to hold the property 90 days before entering into a contract with an owner occupant buyer on a flip