BluefoxToday blog : FHA 90 Day Flip Rule Extended

FHA 90 Day Flip Rule Extended

FHA 90 Day Flip Rule Extended

This may be old news to some but I still receive calls requesting FHA 90 day flip rule information.

The FHA 90 Day Flip Rule originally prohibited anyone from using FHA financing on homes owned for less than 90 days. 

In 2008 FHA lifted the ban for banks only for one year then in 2009 extended the exception for one more year.

Some lenders are have extended the 90 Day Flip rule to include VA and Conventional loans so it is a good idea to check each lender's policy before placing any loan on property owned for less than 90 days

Below is the notice extending the FHA 90 Day flip rule to May 10, 2010.  The extension only applies to banks, the rest of us will have to wait 90 days before we can sell a newly purchased home with FHA financing.

This revised notice on the FHA property flipping waiver extension corrects the date in the last line of the notice that was published on 5/15/09:

"Federal Housing Commissioner Brian D. Montgomery has extended the temporary property flipping waiver to May 10, 2010.  Under the waiver, homes that were foreclosed on and are being sold by the mortgagee or on its behalf may be purchased by FHA borrowers without regard to the 90-day seasoning period. The waiver does not apply to entities that purchase foreclosures either singly or in bulk for resale. Subsequent sales of such properties will continue to be subject to the standard regulatory requirements. 

The waiver expires for all loans for which the sales agreements were signed by the seller and buyer on or before May 10, 2010. "

The FHA 90 day Flip rule only applies to FHA loans and does not effect VA and conventional financing.

Current lending updates can be found at:

Comment balloon 8 commentsBill Ladewig • December 10 2009 09:08AM


Good to know, thanks for the update!


Scott @ Realty Source

Posted by Scott Engle, Realty Source, Inc. (Scott Engle - Realty Source, Inc.) about 10 years ago



Do you know if this applys to VA loans as well. I can't seem to find any good information to answer this question.




Posted by Greg Cowart about 10 years ago

Doesn't this have something to do with the feds looking over their sholder to make sure they aren't giving "sweetheart" deals to someone - say a congressman or relative.

Posted by Associate Broker Falmouth MA Cape Cod Heath Coker, Heath Coker Robert Paul Properties Falmouth MA ( & about 10 years ago

Hi Heath, there is probably some unfair advantage in there somewhere because, unfortunately that is the way our buddies in Washington work.

Posted by Bill Ladewig, Experience Is Your Advantage ( about 10 years ago

Great information Bill; thanks.

Posted by Robert Ott (Century21 Beal Inc.) about 10 years ago

Hello bill,

Thanks for getting this out to us here at AR


Patricia Aulson/portsmouth nh

Posted by Patricia Aulson, Realtor - Portsmouth NH Homes-Hampton NH Homes (BERKSHIRE HATHAWAY HOME SERVICES Verani Realty NH Real Estate ) about 10 years ago

Thanks Bill for clarifying this.  Have a great one.

Posted by Jim Crawford, Jim Crawford Atlanta Best Listing Agents & REALTOR (Crye-Leike REALTORS®) about 10 years ago


It's nice to have real friends in high places. How do they do that?

Posted by Esko Kiuru over 9 years ago