FTH First Time Home Buyer

To capture the first time home buyer information found in section of the Loan Application

Position: FTH-01 · Element: 1073 · Name: Yes/No Condition or Response Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 1 · Repeat: 1

Code indicating a Yes or No condition or response

If FTH01 is "Y" then FTH02 is required. FTH01 indicates whether the property being purchased will be the mortgagors primary residence. A "Y" indicates that it will be the primary residence; an "N" indicates that it will not be the primary residence.

Position: FTH-02 · Element: 1073 · Name: Yes/No Condition or Response Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating a Yes or No condition or response

If FTH02 is "Y", then FTH03 and FTH04 are required. FTH02 indicates whether the mortgagor has had ownership interests in a property within the last 3 years. A "Y" indicates that there has been an ownership interest; an "N" indicates there has not been an ownership interest.

Position: FTH-03 · Element: 1070 · Name: Type of Residence Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code identifying type of residence

Position: FTH-04 · Element: 1187 · Name: Type of Account Code · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: 1

Code defining the type of ownership