Updated over 8 years ago on . Most recent reply
How soon can you sell a house on conventional loan?
Just what the title says. Closing out my construction loan on Feb. 2nd and want to sell the place ASAP.
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Andrew Postell
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Lender
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- Fort Worth, TX
@Wade Stahle you can sell your property with a conventional loan on Day 1 of ownership. The mortgage you hold on your property is not the item that would hold up a purchase. Sometimes the buyer of the home needs an FHA loan. FHA loans require the seller of the property to hold the property for 91 days. So you can sell your property whenever as long as the buyer isn't an FHA buyer. If they are then they either need to change loan types or wait for you to be on title for 91 days. I hope this helps.