FHA Waives 90 Day Resale Restriction!

Effective February 1, 2010, HUD is temporarily lifting the "90 day resale restriction" rule which prohibits FHA mortgage insurance for a subsequent resale within 90 days of original purchase. The waiver is effective for one year. To protect consumers from potential "flipping" scams, the waiver is limited to sales meeting specific conditions. Click below for specific details.

FHA Waiver of 90 Day Resale Rule

Waiver of Requirements of 24 CFR 203.37a(b)(2)