1081 Loan Purpose Code
Code identifying the reason the loan is needed.
- Type
- Identifier (ID)
- Length
- Min 2 / Max 2
- Codes
| Code | Description |
|---|
| 01 | Purchase Existing Home Previously Occupied |
| 02 | Purchase Existing Home Not Previously Occupied |
| 03 | Finance Improvement to Existing Property |
| 04 | Construct Home |
| 05 | Refinance |
| 06 | Purchase New Condominium Unit |
| 07 | Purchase Existing Condominium Unit |
| 08 | Finance Co-Operative Purchase |
| 09 | Manufactured Home |
| 10 | Manufactured Home and Lot |
| 11 | Manufactured Home and To Buy Lot |
| 12 | Manufactured Home and Lot Loan Refinanced |
| 13 | Construct New Home and Convert to Permanent |