FHA friendly lenders for sellers with less than 90 days on title

[Mark Yuschak]

Just as the subject reads.

By far my biggest hurdle in my flipping business is dealing with FHA buyers who are preapproved through lenders who won't fund unless I've been on title for 90 days. We all know this isn't an FHA requirement, yet the lenders are still enforcing it.

This being said, does anyone know of any banks who aren't enforcing this rule? I've spent tons of time researching this and found none.

[J Scott]

Originally posted by Eric Michaels:

You need cash buyers. That is just how it is now. It is near impossible to flip to retail.

I disagree with this advice... (see my post above)

We've done a half-dozen under-90 day FHA flips in the past year, and haven't had any problems with any of them. If we had to rely on retail cash buyers for these properties, none of them would have sold in under 90 days...these buyers just don't exist in most areas...