|
Secondary Financing Source of Funds - Federal Home Loan Bank (FHLB)
|
|||
|
|
|||
|
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: |
|||
![]() |
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. | ||
![]() |
Did the secondary financing legal documents close in the name of a nonprofit?: Yes or No must be selected from the drop-down list. | ||
If yes, then enter the Employer Identification Number (EIN) of the nonprofit agency in the Nonprofit EIN field. The nonprofit agency's name is displayed upon successfully processing the page. |
|||
If no, then do not enter any information in the Nonprofit EIN field. |
|||
|
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. |
|||