Home Selling in 01583>Question Details

Aalap Sharma, Home Seller in 01583

Is there a penalty for selling your house with FHA Loan within a year ?

Asked by Aalap Sharma, 01583 Thu Jul 7, 2011

Help the community by answering this question:

Answers

2
FHA Does not have a penalty unless you purchased the property under the good neighbor program. Hud owned property at 1/2 the list price. If you used the tax credit you could owe the IRS the credit back.
2 votes Thank Flag Link Thu Jul 7, 2011
you should check with your lender to see if you have a pre payment penalty.
0 votes Thank Flag Link Thu Jul 7, 2011
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer