Code identifying the reason the loan is needed
Type
ID
Length
Max 2 / Min 2
Codes
<> 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
<> 14
Purchase Unimproved Land
<> 15
Other Loan Purpose
<> 16
Purchase, Purpose Unidentified
<> 17
Single Family
<> 18
Multifamily Construction
<> 19
Multifamily Project
<> 20
Single Family Serial Note
<> 21
All Terrain Vehicle
<> 22
Dirt Bike
<> 23
Farm Equipment
<> 24
Jet Ski
<> 25
Truck
<> 26
Motorcycle
<> 27
Snowmobile
<> 28
Home Equity
<> 30
Purchase Money Mortgage
<> 31
Additional Financing
<> AL
Auto Lease
<> AR
Airplane
<> AU
Automobile
<> BO
Boat
<> CC
Charge Cards
<> CO
Charged Off
<> CT
Camper or Trailer
<> FM
First Mortgage Real Estate
<> MH
Mobile Home
<> PE
Personal
<> RE
Real Estate
<> RV
Recreation Vehicle
<> SL
Student Loan
<> SM
Second Mortgage Real Estate
<> SO
Sharedraft Overdraft
