The Federal Housing Administration is extending a temporary waiver of its “anti-flipping” rule for the second year in a row. This means home buyers relying on FHA-insured financing will continue to be able to buy homes that have changed hands in the last 90 days.
The waiver is a boon for investors seeking to rehab and flip properties, because it expands the pool of eligible borrowers to include those relying on FHA-backed loans, popular with first-time home buyers and others who lack the cash to make large down payments.
If you are a buyer and need to get a loan to purchase a home, contact us and we will connect you with a lender who can help you.
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