24 CFR § 1007.25 - Eligible lenders.

---
identifier: "/us/cfr/t24/s1007.25"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "24 CFR § 1007.25 - Eligible lenders."
title_number: 24
title_name: "Housing and Urban Development"
section_number: "1007.25"
section_name: "Eligible lenders."
chapter_name: "OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT"
part_number: "1007"
part_name: "SECTION 184A LOAN GUARANTEES FOR NATIVE HAWAIIAN HOUSING"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1715z-13b; 15 U.S.C. 1639c; 42 U.S.C. 3535(d)."
regulatory_source: "67 FR 40776, June 13, 2002, unless otherwise noted."
cfr_part: "1007"
---


# 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), 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) 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.