Closing
After FHLBank approves the reservation and income, the transaction may close. Members provide the Homeownership Set-aside Program (HSP) funds at closing and will be reimbursed by FHLBank upon approval of the member’s disbursement request. Resources to ensure all closing requirements are met: - The Closing Checklists include helpful information for the closing member, closing agent and information regarding repair expenses. The Closing Checklists can be found on the right side of this page under the heading Forms.
- The Real Estate Retention Agreement can be found on the right side of this page under the heading Forms.
- FHLBank maximum interest rates can be found on the HSP homepage.
| Forms
Member Registration Agreement Reservation Workbook Zero Income Certification Disbursement Request Form Closing Checklists Real Estate Retention Agreement Related Resources FAQ's AHP Reg 12 cfr 1291 State MRB Income Limits Chart 2010 HUD Mortgagee Letter 2016 AHP Implementation Plan HSP Manual AHP & HSP Income Calculation Manual Homebuyer Education
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