This
Guide has been developed to provide guidance and assistance to all individuals
and organizations involved in the FHA lending process. We anticipate that
this guide will improve the consistency of FHA lending policy nationwide and will
enhance our mutual business interest of increasing homeownership.
This Reference Guide is intended as a supplement to handbooks,
mortgagee letters and other official policy
issued by Headquarters in Washington D.C. This Guide should not be relied upon
as a sole source of information, but should be used in conjunction with policy
issued from Washington D. C.
Underwriters and appraisers are responsible for adherence to all policies contained
in this Guide and should refer to it on a regular basis to verify the latest policies
in effect. This Guide will be updated and published on the Internet on an ongoing
basis in order to provide lenders and appraisers with changes in a timely manner.
FHA functions primarily through the Direct Endorsement loan program. This means
that all final underwriting decisions at the lenders office are rendered by the
Direct Endorsement Underwriter. Although this Guide may be utilized as a reference
source for all lending professionals, questions and additional guidance should
go to the Direct Endorsement Underwriter at the lenders office.
While using this Guide you will see some underlined words. Most of these are active
links to additional information on either the immediate or a related subject.
You can get to these sites by clicking on the underlined word. For
further information please contact the FHA
Resource Center.
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