FEDERAL NATIONAL MORTGAGE ASSOCIATION how long do u have to live in the house

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    • #205366
      Anonymous
      Inactive

      its a bankowned home im trying? to flip it

    • #267225
      Anonymous
      Inactive

      I fit’s a HUD owned property that you bought from HUD you have to be in the property at least a year. If you purchased the property from the veterans Affairs using vendee finance you can sell it the next day you bay it. If you used another particular bank to purchase the property you have to check with the specific bank that you make the payments to.

    • #431186
      Anonymous
      Inactive

      NOT going to happen ……………. particularly in this market.

    • #431187
      Anonymous
      Inactive

      F R AU D!

      Even if you could they would look at the personal credit as well.

    • #431188
      Anonymous
      Inactive

      The only way to accomplish this is by securing your loan by your business assets, not the property you want to buy. So, when you talk to ANY bank don’t bother mentioning the word mortgage. Once you get your first property you might very well be able to leverage it, as another business asset, for more money.

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