StacksVerified U.S. regulatory reference

24 CFR §203.1

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
The three underwriting procedures for single family mortgages are:
  1. (a)Direct Endorsement. This procedure, which is described in § 203.5, is available for mortgagees that are eligible under § 203.3.
  2. (b)Lender insurance. This procedure, which is described in § 203.6, is available for mortgagees that are eligible for the Direct Endorsement program under § 203.5, and that are also approved according to § 203.4.
  3. (c)Issuing of commitments through HUD offices. Processing through HUD offices as described in § 203.7, with issuance of commitments, is available only for mortgages that are not eligible for Direct Endorsement processing under § 203.5(b) or to the extent required in § 203.3(b)(4), § 203.3(d)(1), or as determined by the Secretary.