1083 Type of Downpayment Code
1083 Type of Downpayment Code
Code identifying the source or nature of funds paid
Type
ID
Length
Max 2 / Min 2
Codes
<> 01
Cash-Borrowed
<> 02
Cash
<> 03
Equity from Pending Sale of Property
<> 04
Cash-Gift
<> 05
Non-Cash
<> 06
Sweat Equity
<> 07
Trade Equity
<> 09
Secondary Financing Secured by Same Property
<> 10
Lot Equity
<> 11
Lease Payments
<> 12
Pledged Collateral
<> 13
Other Type of Down Payment
<> 14
Sale of Chattel
<> 27
Grant
<> 28
Proceeds of Loan Fully Secured by Borrower's Own Assets
<> ZZ
Mutually Defined