COVID-19: Does FHA permit the use of a Power of Attorney (POA) to execute closing documents during the COVID-19 Emergency?

FHA permits a Borrower to designate an attorney-in-fact to use a POA to sign documents on their behalf at closing, including page 4 of the final Form HUD-92900-A, HUD/VA Addendum to Uniform Residential Loan Application, and the final Fannie Mae Form 1003/Freddie Mac Form 65, URLA.  Detailed requirements on the use of a POA to execute closing documents can be found in Handbook 4000.1 II.A.6.a(xiii).  Included in this section are specific requirements for use of a POA, which has a connection to the transaction. 


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-05457