24 CFR § 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:
(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;
(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.
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