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Updated almost 14 years ago,

User Stats

65
Posts
27
Votes
Tom Bujnowski
  • Investor
  • Tinley Park, IL
27
Votes |
65
Posts

90 day seasoning

Tom Bujnowski
  • Investor
  • Tinley Park, IL
Posted

My understanding was the 90 day seasoning requirement was was again waived in 2011. However, I'm finding it very difficult to find a lender who will give a mortgage(FHA) to a buyer within those 90 days.

I buy a lot of probate properties at a good price that need little work and am able to put them back on the market quickly. Wells Fargo used to do the loans with 2 appraisals but as of Jan 1st of this year they have declined to do so.

Does anyone know of lenders doing them?

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