---
kind: "section"
citation: "24 C.F.R. § 1007.25"
title: "24"
number: "1007.25"
heading: "Eligible lenders."
url: "https://uscodex.org/cfr/24/1007.25"
---

# §1007.25. Eligible lenders.

- (a) **In general.** To qualify for a guarantee under this part, a loan shall be made only by a lender meeting qualifications established in this part and approved by HUD, including any lender described in [paragraph (b)](#b), of this section, except that a loan otherwise insured or guaranteed by an agency of the Federal Government or made by the DHHL from amounts borrowed from the United States shall not be eligible for a guarantee under this part.
- (b) **Approval.** The following lenders shall be considered to be lenders that have been approved by HUD:
  - (1) Any mortgagee approved by HUD for participation in the single family mortgage insurance program under title II of the National Housing Act (12 U.S.C.A. 1707 et seq.);
  - (2) Any lender that makes housing loans under chapter 37 of title 38, United States Code, that are automatically guaranteed under [section 3702(d)](/usc/38/3702.md?p=d) of title 38, United States Code;
  - (3) Any lender approved by the Secretary of Agriculture to make guaranteed loans for single family housing under the Housing Act of 1949 (42 U.S.C.A. 1441 et seq.);
  - (4) Any other lender that is supervised, approved, regulated, or insured by any agency of the Federal Government; and
  - (5) **Any other lender approved by HUD under this part.**

## Notes

### Authority

Authority: 12 U.S.C. 1715z-13b; 15 U.S.C. 1639c; 42 U.S.C. 3535(d).

### Source

Source: 67 FR 40776, June 13, 2002, unless otherwise noted.