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How long do i wait before i can sell my house with an fha loan?

My husband and i are looking to move to Northern California and have been in our house for almost 2 years. We do not want to be affected by the sell by LindaLoves_Cali71... from Brea, California. Sep 25th 2013 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

You can sell your home anytime you wish. Since you have been in your home for 2 years.. it will not be a problem at all.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Sep 25th 2013
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

You will be fine. Most FHA lenders verify occupancy 60-90 days after the loan closes, if at all.

Sep 25th 2013
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Phil Dumouchel (PhilDu)
#32 ranked lender in South Carolina - 2,249 contributions

Agree with Dave, you won't have a problem related to the FHA mortgage. FYI, new FHA mortgages have permanent PMI (FHA monthly insurance) unless you put 10% or more as a downpayment.

Sep 25th 2013
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Charlie Sparks (CharlieSparks)
#8 ranked lender in New Mexico - 401 contributions

You are ok to sell at your discretion. It is your property.

Sep 25th 2013
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Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

You can sell now.

Sep 25th 2013
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Stephen Makia (stephen.makia@westinmortgage.com)
#941 ranked lender in California - 30 contributions

Hey Linda, I have to agree with Dave on this, as far as you've been there ideally for more than 90 days, you should be able to sell your house without any problem. FHA is pretty flexible. If you need someone to help you with that, contact me at 909-641-9980 or go to my website @ www.westinmortgage.com/stephenm and check out your options.Thanks Linda

Sep 25th 2013
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Ken Burrows (mortgagesforamerica)
#19 ranked lender in Nevada - 572 contributions

You can sell anytime you would like to.

Sep 25th 2013
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Samantha Taylor (samantha)
#368 ranked lender in California - 29 contributions

You do not have to wait in order to sell off your home with a FHA loan on it. You can sell it off as and when you wish. However, you should remember that once you sell off the property, you will have to pay off the loan in full. You should also check out whether or not there is any pre-payment penalty clause mentioned in your mortgage documents. If yes, then you may have to pay a pre-payment penalty when you pay off the loan amount in full after you sell off the property.

Sep 25th 2013
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Jericho Cherry (Jerichocherry)
#54 ranked lender in Virginia - 1,107 contributions

You've been in your home for 2 years so you will not be affected in any way if you sell it.

Sep 25th 2013
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