FTH First Time Home Buyer
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
FTH-01
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; an "N" indicates that it will not be the primary residence.
FTH-02
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; an "N" indicates there has not been an ownership interest.
FTH-03
Type of Residence Code
Identifier (ID)
Optional
1
1
-
Code identifying type of residence
FTH-04
Type of Account Code
Identifier (ID)
Optional
2
2
-
Code specifying the type of ownership