Loan Type
|
Description
|
1 |
Stand Alone First |
2 |
Stand Alone Second |
3 |
ARM |
4 |
Amount keyed is an Aggregate amount |
5 |
USDA |
6 |
Closed-end Mortgage |
A |
Assumption |
B |
Building or Construction Loan |
C |
Cash |
D |
2nd Mortgage made to cover Down Payment |
E |
Credit Line (Revolving) |
F |
FHA |
G |
Fannie Mae/Freddie Mac |
H |
Balloon |
I |
Farmers Home Administration |
J |
Negative Amortization |
K |
Loan Amount $1-9 billion |
L |
Land Contract (Argmt. Of Sale) |
M |
Modification |
N |
New Conventional |
O |
Commercial |
P |
Purchase Money Mortgage |
Q |
Undefined / Multiple Amounts |
R |
Stand Alone Refi (Refinance of Original Loan) |
S |
Seller take-back |
T |
Loan Amount $10-99 billion |
U |
Unknown (DEFAULT) |
V |
VA |
W |
Future Advance Clause / Open End Mortgage |
X |
Trade |
Y |
State Veterans |
Z |
Reverse Mortgage |