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FHA Home, Selling Restrictions?

If I purchase and FHA property, are there any restrictions put into place that won't let me sell that property for a certain period of time? by jjplunket23 from Pacific Beach, California. Aug 16th 2010 Reply


Akali Dennie (adennie)
#54 ranked lender in Florida - 196 contributions

There should be no selling restrictions with an FHA property.

Aug 16th 2010
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Gregorio Denny (GVDenny)
#258 ranked lender in California - 380 contributions

Since you are in California, you should be aware that you will have to pay back the tax credit if you sell before 3 years, so keep that in mind. Other than that, you can sell whenever you want, but as Lew states, you may have a problem finding a borrower that can finance it if you sell in under 90 or possibly 180 days.

Aug 16th 2010
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Sandy McKee (smckee)
#40 ranked lender in Arizona - 23 contributions

That would generally be in the sales contract. I would suggest getting this in writing if you are concerned about it.

Aug 16th 2010
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Richard Woodward (RichardWoodward)
#39 ranked lender in Texas - 106 contributions

FHA has no selling restrictions. However, if your buyer needs a mortgage you may need to wait 90 days if you plan to sell for more than a 20% profit.

Aug 16th 2010
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Brett Pehrson (brettpehrson)
#19 ranked lender in Utah - 228 contributions

As stated before, you may run into some "anti-flipping" problems with a new buyer qualifying for the home if you sell within 90 days, maybe longer depending on other circumstances, like what you sell it for. You shouldn't have any problems like that, though, after 1 year.

Aug 16th 2010
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