FHA 90 day rule for investors selling flipped properties

Friday, December 23, 2011

In February 2011, FHA extended the temporary waiver to allow
FHA financing on single family residences within 90 days of acquisition through
the end of 2011. This temporary waiver will expire on December 31, 2011 and
all sales contracts written after that date will be subject to the 90 day rule.
Beginning January 1, 2012, new sales contracts must be dated on the 91^st day
or later after the acquisition of the property.