Comments on: FHA 90-Day Rule Put On Hold http://www.fhaloanpros.com/2010/01/fha-90-day-rule-put-on-hold/ The Unofficial Guide to FHA Loans & Mortgages Sat, 31 Jul 2010 14:32:44 +0000 http://wordpress.org/?v=2.6 By: Donald Tucker http://www.fhaloanpros.com/2010/01/fha-90-day-rule-put-on-hold/#comment-78113 Donald Tucker Tue, 19 Jan 2010 19:51:02 +0000 http://www.fhaloanpros.com/?p=1698#comment-78113 I see a problem with the 20%. If I buy a house for 50,000 and put 50,000 of rehab money into the house. I would be selling over the 20% of acquisition cost. The rule would help if it would read total cost of purchase and rehab cost not to exceed 20%. After all the rule is for the purpose of companies who buy foreclosures and rehab to sell. What are lenders specific conditions? I see a problem with the 20%. If I buy a house for 50,000 and put 50,000 of rehab money into the house. I would be selling over the 20% of acquisition cost. The rule would help if it would read total cost of purchase and rehab cost not to exceed 20%. After all the rule is for the purpose of companies who buy foreclosures and rehab to sell.

What are lenders specific conditions?

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