How Soon Can You Sell A House With An Fha Loan

With an FHA loan, there are certain rules and restrictions regarding when you can sell a house after obtaining the loan. The timeline can vary depending on the specific circumstances and loan terms, but generally, there are two main scenarios to consider:

  1. Selling within 90 days of purchase: FHA guidelines typically prohibit the sale of a property within the first 90 days after its acquisition. This restriction is in place to prevent property flipping, where investors buy homes at low prices and quickly resell them at inflated prices, which can artificially inflate property values and contribute to housing market instability.

  2. Selling after 90 days: Once the initial 90-day period has passed, you can sell the property with an FHA loan. However, if you've owned the property for less than 12 months, the resale price cannot exceed the sum of the original purchase price plus the documented cost of any repairs and improvements. This is to prevent excessive profiting from short-term ownership.

It's important to note that these rules are set by the FHA to protect borrowers and ensure the stability of the housing market. However, there may be exceptions or additional requirements depending on the circumstances, so it's advisable to consult with your lender or a real estate professional for specific guidance tailored to your situation.

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