Secondary Financing Source of Funds - Federal Home Loan Bank (FHLB)
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After entering the secondary financing amount and selecting the source and purpose of the secondary financing funds, enter the following information on the Secondary Financing Update page: |
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HUD Lender ID: Type the first five digits of the lender's 10-digit FHA ID (FHLB must be in HUD's Computerized Homes Underwriting Management System (CHUMS)). The lender's name is displayed upon successfully processing the page. | ||
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Did the secondary financing legal documents close in the name of a nonprofit?: Yes or No must be selected from the drop-down list. | ||
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No further information should be entered for this secondary financing source. Click the Another Secondary Financing link to enter an additional secondary financing source if needed. Note: The FHLB Set-Aside Grant Program is not considered secondary financing. |
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