Hello I have some deals I can quickly flip but the buyers are FHA and VA approved buyers and all the lenders have a 90 day title requirement,can anyone please tell me how to avoid the 90 day hold issue ???
You can not get around the 90 day seasoning! The FHA / VA lenders are checking title records, you must be on title for 90 days before a loan can close.
Now they want 90 days before you can submit a final signed contract as we have a sale closing tomorrow that the original contract was voided and we had to re-date and sign a new contract on the 91st day and re-submit to underwriting.
It delayed our sale we thought would close on the 91st day by two and a half weeks.
You can always put the new buyer in the house on a lease, collect their down payment and close the deal on the 91st day.
you’re just going to have to factor in the 90 day holding period. If you don’t have the ability to buy and hold due to credit or income, consider getting a partner that can. just be prepared to split profits