To help protect consumers from unscrupulous investors that "fix and flip" homes without regard for quality, the Federal Housing Administration (FHA) has a rule that requires the home owner to have possession of a home for at least 90 days before they will insure it. The means that the borrower could not qualify for an FHA loan for such a home. With all of the changes in the mortgage industry, FHA loans are now a … read on »
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