1085 Loan Payment Type Code

Code identifying the nature of loan payment.

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Type
Identifier (ID)
Length
Min 2 / Max 2
Codes
CodeDescription
01Adjustable Payment Based on Index
02Fixed Payment with Balloon Option
03Pledged
04Growing Equity Mortgage (GEM)
05Fixed Payment
06Graduated Payment Mortgage (GPM)
07Interest Only with Balloon
08Graduated Payment Adjustable Rate Mortgage
09Extended Term
10Wraparound Mortgage
11Collateral Pledge Graduated Payment Mortgage
12Fixed Payment With Buydown
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