Yes, most FHA-approved loan providers can both preapprove and prequalify you for an FHA home loan. Getting prequalified is a less rigorous evaluation of your financial status, while a preapproval will often require verifying financial details like credit score, debt-to-income ratio, and more. Typically, obtaining a preapproval letter from your loan officer will be of more value when house hunting because many sellers and real estate agents prefer to work with qualifying buyers.