Jump to main content

# View 4d: Loan Origination Page/New or Refinanced Loan at Closing (Part Four)

The Closing Costs section collects data for the source(s) of funds used for the loan.

Closing Cost Contribution Amount [ID 151] (conditionally required for an affordable loan with closing costs)

Enter the dollar amount of the individual Closing Cost Funds Type.

Closing Cost Funds Type [ID 152/153] (conditionally required)

Select the general name (type) of item commonly used as payment for the closing cost. Options include:

- Bridge Loan

- Cash On Hand

- Checking Savings

- Contribution

- Credit Card

- Equity On Sold Property

- Equity On Subject Property

- Forgivable Secured Loan

- Gift Funds

- Grant

- Life Insurance Cash Value

- Lot Equity

- Other
  If Other is selected, options include:
  - Aggregated Remaining Types

  - Secondary Financing Closed End

  - Secondary Financing HELOC
- Premium Funds

- Rent With Option To Purchase

- Retirement Funds

- Sale Of Chattel

- Secured Loan

- Stocks And Bonds

- Sweat Equity

- Trade Equity

- Trust Funds

- Unsecured Borrowed Funds

Closing Cost Funds Source Type [ID 154/155] (conditionally required)

Select the source or contributor of funds used for the closing cost. Options include:

- Borrower

- Community Non-Profit

- Employer

- Federal Agency

- Lender

- Local Agency

- Other
  If Other is selected, options include:
  - Aggregated Remaining Source Types

  - FHLB Affordable Housing Program

  - USDA Rural Housing
- Property Seller

- Relative

- Religious Non-Profit

- State Agency