Wednesday, April 16, 2014

Financing For Fix and Flips

Did you know that FHA does NOT require a seller to own a house for at least 90 days before selling it?  

That's right - if someone buys a run-down house, fixes it up, and flips it, they no longer have to own the house for 90 days before selling it to someone who is getting FHA financing.  NOT every lender allows this, but we do.

We can also do the same thing with conventional loans.

Pretty nice!

Does your lender sell directly to Fannie Mae like we do, or do they have additional underwriting guidelines that prevent loans from being approved? 

Have questions about anything related to a mortgage?  Give us a call and see why they call us The Mortgage Experts.  

Getting a loan approved is easy - if you know what to do.  The Mortgage Experts know what to do!!!  Call us if you want to use the best lenders in Colorado!  

Make sure you check out our web site:

By the way, don't forget to refinance your current mortgage.  Rates are very, very low right now.  Don't miss out!  Call us today to get the details for your particular situation.

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