HomeBridge is pleased to announce we are enhancing our FHA property flip guidelines to allow 2-4 unit primary residence property flips. This new policy is effective immediately for loans in the pipeline and new submissions.
Two to four unit properties in all areas, with the exception of Illinois, New Jersey and New York (see restrictions below) are now allowed to follow our current guidelines for 1-unit property flips.
With this enhancement 2-4 unit properties that are subject to a Short Sale Agreement will be required to be listed on a multiple listing service (MLS) for a minimum of 30 days prior to the execution of the sales contract. If the property is designated as an “Exclusive Listing