1081 Loan Purpose Code

Code identifying the reason the loan is needed.

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Type
Identifier (ID)
Length
Min 2 / Max 2
Codes
CodeDescription
01Purchase Existing Home Previously Occupied
02Purchase Existing Home Not Previously Occupied
03Finance Improvement to Existing Property
04Construct Home
05Refinance
06Purchase New Condominium Unit
07Purchase Existing Condominium Unit
08Finance Co-Operative Purchase
09Manufactured Home
10Manufactured Home and Lot
11Manufactured Home and To Buy Lot
12Manufactured Home and Lot Loan Refinanced
13Construct New Home and Convert to Permanent
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