If you are thinking of becoming a HUD approved lender, give us a call. We
can advise you on the approval process, assist you in filing the
required forms, accumulating the required information, and tracking the
progress with HUD. We have a good working relationship with HUD personnel.
The
audited financial statements that must be filed with the initial
application for HUD approval can be a simple or complicated piece of
the puzzle. Getting HUD approval for an existing
lender that has been working only with conventional loans can be more
costly than for a brand new company. Please let us advise you on the differences to help you make an informed decision. The
liquidity and net worth requirements for a new application are exactly
the same as for recertifying an existing HUD approved lender. Don’t let the level of required net worth keep you from offering FHA loans to your customers. With some planning and good information you might be there sooner than you think.
Initial
audit fees vary greatly depending on audit firm used, size of the
company applicant, and mix of assets, liabilities, and capital
structure. Please complete the information below and we will call to provide complete details of our fixed, all inclusive fee quote.
