Can someone let me know what Loan Type do we mark on the LE and CD for a down payment assistance 2nd mortgage? We have been advised 2 different ways. We were told to mark as Conventional or FHA (if applicable). We were also told to mark as "Other - IHDCA".

Thanks all.

Are that actually insured or guaranteed by the IHDCA?

(iv) Other. For federally-insured or guaranteed loans other than those described in paragraphs (a)(11)(ii) and (iii) of this section, and for loans insured or guaranteed by a State agency, the creditor shall disclose the loan type as “Other,” and provide a brief description of the loan type.