I closed on my FHA loan a few months ago. Now I want to sell. Is there a 'time period' that I have to stay?

Asked by Regina, 32680 Sun May 25, 2008

in the mortgage before I can put my home up for sale?

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Bill Eckler, Agent, Venice, FL
Mon May 26, 2008
Regina,
We agree with Regina. Go directly to the source to access what should be accurate information.
Good luck,
The "Eckler Team"
0 votes
Myke Atwater, Agent, Santa Rosa Beach, FL
Sun May 25, 2008
I would contact the lending institution that processed your loan. They should have the quickest answer as to what the terms of your contract with the lender are. There is a good chance that the realtor doesn't know the exact terms of the lender that you used--that would generally be outside the scope of what the realtor does.
Web Reference:  http://www.MykeTriebold.com
0 votes
Cathy Sloan, Agent, Jacksonville, FL
Sun May 25, 2008
If depends if your FHA loan was a part of a bond issue by the county. If it is the standard garden variety FHA there should not be any pre-payment penalties. Call your Realtor and get advice.
Web Reference:  http://www.cathysloan.com
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