FHA Property Flipping Policy:
FHA requires a property to be owned by the seller for 90 days before re-sale (this means the contract date cannot be prior to the 91st day of the seller’s ownership).
No work can be done by lender on the property prior to the 91st day- this includes ordering an appraisal or ordering a case number from FHA on the borrower).
The 91 days is calculated from the date title transferred to seller (not necessarily the same as the purchase date) to the date of a new sales contract.