When does a newly FHA-approved lender have to pay its first annual recertification fee?

The recertification fee is non-refundable and will not be prorated.

Lenders approved using financial statements that covered a time period ending within the six months before approval are not required to submit a recertification package after the close of that fiscal year.

For additional information see Handbook 4000.1 I.A.8.a.iii; I.A. 8.c available at http://portal.hud.gov/hudportal/HUD?src=/program_offices/administration/hudclips/handbooks/hsgh.

The Lender Electronic Assessment Portal (LEAP) User Manual is located at:  http://www.hud.gov/lenders under the LEAP Information link in the Approvals & Renewals section.