Updated over 7 years ago on . Most recent reply

how soon can I sell after loan closes?
I want to make sure im not overstepping any laws or guidlines here.
I built a house out of cash. Refinanced into a coventiontal traditional mortage. I now have someone who wants to buy it. Can I sell with only lived it for 5 months or will that send red flags?
Most Popular Reply

What many are failing to mention, is that even though you are perfectly within your rights to sell....your loan officer very well might get a huge fine from Fannie Mae for a loan paid off before the 6 month mark. Do your loan officer a solid and wait another month.
- Russell Brazil
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