USDA Loans – New Ruling – Heads UP

There is a brand new ruling whereby the 91 day wait period to flip a property also applies to USDA loans now. Up until now it only applied to FHA loans. If you are writing a contract for a buyer who is getting FHA or USDA financing be sure the seller has owned the property for at least 91 days. This time frame begins from the date of recording – not closing or funding.

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