| Loan Type Code | Code Description |
|---|---|
| 4 | Amount keyed is an Aggregate amount |
| 7 | Non-Purchase Money Mortgage |
| ARM | Indicates that the property has an Adjustable Rate Mortgage loan type |
| ASM | Indicates that the property has an Assumable Mortgage loan type |
| BAL | Balloon Mortgage loan type |
| CON | Building or Construction loan type |
| CSH | Cash Purchase |
| CEM | Closed End Mortgage loan type |
| COM | Commercial Mortgage loan type |
| COV | Conventional Mortgage loan type |
| CPI | Conventional Mortgage loan type (with PMI) |
| FHA | Indicates that the property has a mortgage loan offered by the Federal Housing Administration (FHA), which is a part of the U.S. Department of Housing and Urban Development (HUD). The primary purpose of FHA loans is to make homeownership more accessible to first-time homebuyers and low-to-moderate income borrowers by providing them with more lenient qualification requirements and more favorable loan terms. |
| G | Fannie Mae/Freddie Mac (Phased out keying in 2008 because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.) |
| K | Loan Amount $1-9 billion - only first 9-digits of Loan Amount entered due to field length limitations. Need to multiply Loan Amount Field by 10 for the actual amount. |
| LCO | Land Contract (Arrangement of Sale) |
| LOC | Line of Credit |
| MOD | Loan Modification |
| NEG | Negative Amortization |
| P | Purchase Money Mortgage |
| Q | Undefined / Multiple Amounts |
| REV | Reverse Mortgage |
| SDP | Second Mortgage to Cover Down Payment |
| SEL | Seller Take-Back |
| SBA | Indicates that the property has a mortgage loan that is guaranteed by the U.S. Small Business Administration (SBA) to assist small businesses in acquiring commercial real estate or financing other business-related needs. The SBA itself does not directly lend money to businesses; instead, it partners with approved lenders (such as banks and credit unions) to offer these loans. |
| SAF | Stand Alone First |
| SAR | Stand Alone Re-fi |
| SAS | Stand Alone Second Mortgage |
| SVA | State Veterans Mortgage loan type |
| T | Loan Amount $10-99 billion - Only first nine digits of Loan Amount entered due to field length limitations. Need to multiply Loan Amount field by 100 for the actual loan amount. |
| U | Unknown |
| UNKNOWN | The originating source of the loan is unknown |
| USDA | Indicates that the property has a mortgage loan offered via the United States Department of Agriculture (USDA) to help promote homeownership in rural and suburban areas. The primary aim of the USDA home loan program is to assist low-to-moderate income families in purchasing homes in eligible rural areas. |
| VA | Indicates that the property has a mortgage loan offered via the loan program offered by the U.S. Department of Veterans Affairs (VA) to assist eligible veterans, active-duty service members, and certain surviving spouses in buying a home. The VA loan program is designed to provide veterans with more favorable loan terms, making it easier for them to become homeowners. |
| W | Future Advance Clause / Open End Mortgage |
| X | Trade |
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