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Updated almost 11 years ago,
Seasoning for conventional financing?
I think it was JScott who only sells his rehabs to those who qualified for conventional financing and not FHA. It was my understanding that he did/does this to avoid FHA's 3 month seasoning.
I could've misunderstood what I read. Please don't quote me :)
If this is correct, however, I was wondering if this was a regional stipulation?
I spoke with a mortgage broker today who shared with me that title must be held for 6 months before I can sell a rehabbed property to a buyer who qualifies for conventional financing.
Is this correct?