FTH First Time Home Buyer

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

Position
Element
Name
Type
Requirement
Min
Max
Repeat
FTH01
Yes/No Condition or Response Code
Identifier (ID)
Mandatory
1
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. A ``N'' indicates that it will not be the primary residence.
FTH02
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
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. A ``N'' indicates that there has not been an ownership interest.
FTH03
Type of Residence Code
Identifier (ID)
Optional
1
1
-
Code identifying type of residence.
FTH04
Type of Account Code
Identifier (ID)
Optional
2
2
-
Code defining the type of ownership.

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