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
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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