FHA’s policy allowing less than 90 day flip transactions is set to expire at the end of 2014. For less than 90 day flip transactions, only fully executed contracts signed by all parties on or before December 31, 2014 will be eligible to be closed under the terms currently set forth in the FHA Credit Policy Manual. As of January 1, 2015, all FHA less than 90 day flip transactions will be ineligible. We will update this policy as further communication from FHA becomes available.
