By role
For lenders
Retail and wholesale: what it takes to offer this, and where the obligations sit.
The gate
Lenders who want to participate must be approved as a correspondent of Arrive Home. The guidelines carry sections on correspondent eligibility, FHA Direct Endorsement program requirements, maintaining eligibility, renewal, performance, termination, audits, and quality control.
The FHA first mortgage must be purchased by the master servicer after closing.
Source: Guidelines section 2, Matrix 3.2.1.
What you are signing up for
Fee caps that bind you
Origination and Section A capped at 3% of purchase price. Originator-benefiting charges beyond TRHEEA capped at 1% of the FHA loan amount.
You do not control the consumer disclosure
Arrive Home produces the Homebuyer Cost Disclosure. You may never issue one you did not receive from them.
Repurchase exposure on disaster and condition
If Arrive Home or a subsequent investor determines the property was damaged and not in fully marketable condition at time of sale, the loan is subject to repurchase. Disaster area awareness is solely the correspondent responsibility.
Product breadth
1 to 2 units, primary residence, purchase only, 30-year fixed FHA 203(b), full amortization. High balance allowed and always takes an LLPA.
Borrower reach you do not otherwise have
ITIN, DACA, non-permanent residents, no-score files by exception, bank statement income, asset depletion, and a dedicated EAD program.
Where to start
Arrive Home publishes a lender line for correspondent inquiries: 1-800-270-7396. They also run an EEP training room and publish the product guide, the product matrix, and rate sheets to approved correspondents.
We are not affiliated with Arrive Home. We point you at the source and let you evaluate it.
Get connected
Every application goes through a licensed loan originator.