Good news for local Twin Cities house flipper’s (those that buy cheap houses and put $10,000 life’s work into it and sell for massive profit or attempt) the FHA 90 day seasoning rule has been temporarily lifted starting in February 1st and running for a year. Here is the release from HUD. If you are [...]
More Skin In The Game Needed For FHA Loans
December 5, 2009 By Leave a Comment
It comes to no surprise that FHA is going to be changing it’s lending requirements in the upcoming new year. With Federal Housing Administration playing a crucial roll in propping up the housing market, they too are facing possible shortages in cash and who else to raise money from than new home buyers. Changes For [...]
Is your condo FHA approved?
June 11, 2008 By Leave a Comment
