What are the requirements related to sharing home office space with another company?

The Mortgagee’s Home Office is the main office from which it manages its FHA business. A Mortgagee must designate a headquarters or “home office” for its FHA business.  A Mortgagee’s home office does not have to be its corporate office. The Mortgagee’s home office must have a staff of at least two full-time employees.  The Mortgagee may not rely on a shared receptionist to satisfy this full-time employee requirement.
A Mortgagee’s home office facility must:

  • be located in a commercial space that is separate from any other entity (except for reception-type entrances or lobbies);
  • be clearly identified, including having a permanently affixed business sign and other means of identification commonly used by businesses, so that the general public and other businesses will know, at all times, exactly which entity is being represented and is conducting business; and
  • display a fair housing poster if the Mortgagee deals with borrowers and the general public. 

For additional information see Handbook 4000.1 I.A.3.c.iii. available at https://www.hud.gov/program_offices/administration/hudclips/handbooks/hsgh

All policy information contained in this knowledge base article is based upon the referenced HUD policy document. Any lending or insuring decisions should adhere to the specific information contained in that underlying policy document.

Topic Number: KA-02023