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Updated over 7 years ago on . Most recent reply

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142
Posts
34
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Wade Stahle
  • Palmer, AK
34
Votes |
142
Posts

how soon can I sell after loan closes?

Wade Stahle
  • Palmer, AK
Posted

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

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17,651
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30,538
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,538
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17,651
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

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.

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