FHA loan for a flip?

[Alina Vengerov]

Total newbie question here but can I get an FHA loan to fund a flip? For context, my husband and I rent and have never owned a home, so we don’t have any mortgages. Would it not work because the loan requires a seasoning period or because it’s unethical, or niether or both? Thank you!

[Jeff Brower]

@Brandon Frulla makes a great point. If you happen to find one that will qualify for FHA, you can use it, but have to stay one year. If you are going to stay for one year, you might as well live there for two years because if you live there at least 2 of the last 5 years you can sell it and your profit will be tax free.