FHA Extends Anti-Flipping Waiver to 2025
Opportunities for Real Estate Investors in Minnesota
The Federal Housing Administration (FHA) has extended its waiver of the 90-day anti-flipping rule through January 1, 2025. This extension allows investors to resell properties within 90 days of purchase to buyers using FHA-insured financing, provided certain conditions are met. This policy aims to facilitate the rapid resale of foreclosed and abandoned homes, contributing to neighborhood stabilization efforts.
Understanding the Anti-Flipping Rule
Typically, FHA regulations prohibit the use of FHA-insured financing for properties resold within 90 days of acquisition. However, the extended waiver permits such transactions under specific conditions, including:
- The property must be sold at fair market value.
- All transactions must be arms-length, with no identity of interest between buyer and seller.
- Additional documentation may be required for significant price increases.
Implications for Minnesota Investors
This extension presents a valuable opportunity for real estate investors in Minnesota to purchase, renovate, and quickly resell properties, thereby contributing to community revitalization and expanding homeownership opportunities.
Stay Informed and Compliant
It's crucial to stay updated on FHA guidelines and ensure compliance with all requirements to take full advantage of this waiver.
📞 Contact us for guidance on FHA-compliant investment strategies
Joe Houghton
Broker Associate | RE/MAX Results
Founder – Minnesota Property Group
📞 (763) 300-2702
🌐 www.mnpropertygroup.com
