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Updated almost 9 years ago on .

User Stats

348
Posts
164
Votes
Shari Peterson
  • Lender
  • St. Louis, MO
164
Votes |
348
Posts

FHA 90 Day Seasoning for End "C" Bujyer still in effect?

Shari Peterson
  • Lender
  • St. Louis, MO
Posted

I understood that FHA used to have a requirement in place that stated that they will not loan for the purchase of a property that had been owned by the Seller for less than 90 days. During the housing crisis, this was waived, but the waiver expired 12/31/14. I was contacted today by a B Buyer who said their C Buyer's Lending broker told them they could finance an FHA loan to the End C Buyer, even if the B Buyer had just purchased it that same day. I don't believe it. Does anyone have any more information to corroborate this -- either as a yes or a no?

  • Shari Peterson