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

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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
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