Tag: flipping rules

When Is an FHA New Construction Subject to Flipping Rules?

Question: I have a new construction property where the land was owned by the buyer, they deeded it to the builder to build a home.  FHA is considering this a flip. What new construction scenarios are considered flipping by FHA? Answer: New construction is basically a blanket exception to the flipping rules.  There are no […]

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VA – Flipping Rules

Question: What are the flipping rules for a VA loan? Answer: VA is definitely a different animal when compared to the other agencies, so confusion is certainly understandable! VA has no flipping policy (like FHA does) and would allow the immediate resale. However, you can expect close value scrutiny from an underwriter on any flip […]

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