What is the processing time for an application and how do I check on the Status of my application for FHA lender approval?
Applications are reviewed in the order they are received. We are currently reviewing applications received as recently as the 4th week of June and the 1st week of July. Once we start our review, it takes up to two weeks to complete it. The contact person listed on the application form may be contacted if there are minor problems with the application. Otherwise, a decision will be made to approve or disapprove the application and the applicant will be notified of the decision by letter. Please include the applicant’s full legal name and Tax ID number to assist us in locating the application on our control log. The most common deficiencies in application packages are the CPA audited financial statements – see FAQ #17 above (this is only required from mortgage brokers, correspondent lenders and mortgage lenders) and the Quality Control Plan see FAQ #30 above. Applications must be sent to the Lender Approval Division in Washington, DC. The Application fee is mailed to HUD’s lockbox in Atla
