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Updated about 11 years ago on . Most recent reply

User Stats

128
Posts
52
Votes
Taylor Shapiro
  • Flipper/Rehabber
  • West Hartford, CT
52
Votes |
128
Posts

Seasoning for conventional financing?

Taylor Shapiro
  • Flipper/Rehabber
  • West Hartford, CT
Posted

I think it was JScott who only sells his rehabs to those who qualified for conventional financing and not FHA. It was my understanding that he did/does this to avoid FHA's 3 month seasoning.

I could've misunderstood what I read. Please don't quote me :)

If this is correct, however, I was wondering if this was a regional stipulation?

I spoke with a mortgage broker today who shared with me that title must be held for 6 months before I can sell a rehabbed property to a buyer who qualifies for conventional financing.

Is this correct?

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