Federal Housing Administration lenders will soon be able to apply for FHA approval online. The Department of Housing and Urban Development is now preparing to launch the new online application, which will be effective later this spring, the department announced this week.
Lenders seeking new FHA approval will submit the application through an online portal and those currently in the application process or planning to apply should contact HUD’s lender approval division to avoid delays during the transition, HUD advises.
Additionally, lenders should not pay their application fee until discussing application details with a lender approval representative.
The online application will be available for new FHA approval only, according to the HUD notification.
Written by Elizabeth Ecker