How to Become a FHA-Approved Lender

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FHA has revised the approval regulations to eliminate the approval of Supervised and Nonsupervised Loan Correspondents. This change became effective on May 20, 2010. As a result of this change, FHA is no longer accepting new applications for loan correspondents. Please visit the Federal Register to review the new regulation changes.

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, and the selling of FHA insured mortgages.

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

Government Mortgagee: Federal, State, 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, and the selling of FHA insured mortgages.

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

FHA Lender Application Packages are at:
Title I Lender Application Package
Title II Lender Application Package

Please visit HUD's comprehensive Lenders Page for more links.

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