FHA-Approved Lenders. FHA loans are offered by private mortgage companies the FHA approves. Most mortgage companies are FHA-approved lenders and you should not have a hard time finding one. If you have a poor credit rating, then you should find a subprime fha lender to work with. Speak to FHA approved Lenders. FAQ Who can qualify for an FHA loan?
Borrowers get their home loans from FHA-approved lenders rather than the FHA, which only insures the loans. FHA-approved lenders can have different rates and costs, even for the same loan. FHA.
Federal housing administration (fha) loans are mortgage loans that are insured by the government, thereby reducing risk loss, for the FHA-approved lenders,
The Department of Housing and Urban Development, which governs the FHA, sets the rules for homes to get approved. Because the FHA insures home loans, but does not directly fund them, the lender is.