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HUD   >   Program Offices   >   Housing   >   Single Family   >   Lenders   >   How to become an FHA Approved Lender
How to Become an FHA-Approved Lender

New lender applicants must complete an online application according to the  FHA Lender Approval Requirements in order to be granted approval to participate in FHA programs.

Please note:  Due to system updates, a transition period has begun which will last from March 31 to May 9, 2014. FHA is unable to accept, process, or approve any applications to become an FHA-approved lender during this transition period. 

Lenders with questions who are currently preparing or planning to apply for FHA approval in the near future may contact the FHA Resource Center at answers@hud.gov or 1-800-225-5342. Please include the words “New Applicant” in the subject line and include a contact person and phone number in the email body so that a Lender Approval representative may contact you.

There are four types of FHA lender approval:

Nonsupervised Mortgagee: Correspondent lenders and mortgage lenders should apply for this type of approval if they want to perform the following lender functions: origination, underwriting, purchasing, holding, servicing, or selling of FHA-insured mortgages.

Supervised Mortgagee: Banks, savings banks, thrifts and credit unions should apply for this type of approval if they want to perform the following lender functions: origination, underwriting, purchasing, holding, servicing, or selling of FHA-insured mortgages.

Government Mortgagee: Federal, State, or local government agencies, and public or state housing authorities should apply for this type of approval if they want to perform the following lender functions: origination, underwriting, purchasing, holding, servicing, or selling of FHA-insured mortgages.

Investing Mortgagee: Any entity that wants to perform the following lender functions: servicing, purchasing, holding, or selling of FH- insured mortgages should apply for this type of approval. This mortgagee type cannot originate or fund FHA loans.
 

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