FTH First Time Home Buyer

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

Sequence

Element

Name

Type

Requirement

Min

Max

Repeat

01

1073

Yes/No Condition or Response Code

Identifier (ID)

Mandatory

1

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; an "N" indicates that it will not be the primary residence.

Codes (9)

02

1073

Yes/No Condition or Response Code

Identifier (ID)

Optional

1

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; an "N" indicates there has not been an ownership interest.

Codes (9)

03

1070

Type of Residence Code

Identifier (ID)

Optional

1

1

1

Code identifying type of residence

Codes (15)

04

1187

Type of Account Code

Identifier (ID)

Optional

2

2

1

Code specifying the type of ownership

Codes (33)