How can i Apply for an FHA Loan? Positives and negatives out-of FHA Loans You submit an application for an FHA mortgage directly to your lender or almost every other lender of your choice. Extremely banking institutions and you can mortgage brokers is approved for FHA loans. You might apply for pre-recognition off an FHA mortgage on the lender you decide on. The lending company usually assemble sufficient monetary pointers so you’re able to thing (otherwise refute) a great pre-acceptance within this day roughly. That will leave you an idea of simply how much you can acquire whilst not committing yourself to anything.