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