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A Guide to the Selection Criteria Page

This screen lets you find the type of FHA-approved lender you need in a location convenient to you. You may build a search in several different ways. You should make certain a " a " appears in the box next to the FHA mortgage insurance program in which you are interested (Title I, Title II, HECM, 203K). The following information can assist you in building your search.

Lender Name:

Use this to find information on a lender of which you are already aware, such as whether it is FHA-approved. It is not necessary to enter anything in this box otherwise. A full or a partial name of a HUD approved Lending Institution may be entered. All institutions beginning with that name will be searched, and a count of all branches and details of the institution(s) branches will be presented.

Doing Business in State:

A state must be selected if you want a list of Institutions that are doing business in a specific state. This criteria will take precedence over any "located in" criteria which may be specified. This selection criteria only applies to Title II insurance type (home mortgages) and is especially useful in locating HECM lenders.

Geographic State:

If no state is selected, Lending Institutions that are located in that state will be shown. This is used as a selection criteria as long as no state is selected in the "Doing Business in" state box.

Geographic City Name:

A full or a partial name of a city may be entered. Lending Institutions that are located in cities beginning with that name will be shown. This is used as selection criteria as long as no state is selected in the "Doing Business in" state box.

Group Size:

This is where you choose how many institutions are shown at a time - 10, 20, 30 or 40.

Insurance Type:

FHA's programs are broadly split into two types: Title I (home improvement loans) and Title II (home and project mortgages). Both insurance type have been pre-selected. You may de-select one of the two categories by clicking on the "a" box. At least one Insurance Type must be selected.

Reverse Mortgages (HECM):

HECM means "home equity conversion mortgages", FHA's reverse mortgage program for elderly homeowners who need to tap into their home's equity. If you want ONLY Lenders that have done HECM's , then click in the "a" box. This will produce a list of lenders which have done HECM's within the past year.

Rehabilitation (203K):

This is FHA's program for the rehabilitation and restoration of one-to-four-family dwellings. If you want ONLY Lenders that have done 203K's , then click in the "a " box. This will produce a list of lenders which have done 203K's within the past year.

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