1085 Loan Payment Type Code
Code identifying the nature of loan payment
Batch
Element Details
Type ID
LengthMin 2 / Max 2
Codes
- <>15Tiered
- <>07Interest Only with Balloon
- <>25Seven-year Balloon
- <>28Balloon
- <>13Other Loan Payment Type
- <>31Semi-monthly Principal Payment
- <>14Step Rate
- <>22Non-level
- <>19Shared Appreciation
- <>29Single
- <>12Fixed Payment With Buydown
- <>30Fixed Principal Payment
- <>17Reverse Annuity
- <>01Adjustable Payment Based on Index
- <>23Biweekly
- <>18Reverse Installment Buydown
- <>04Growing Equity Mortgage (GEM)
- <>26Regular Reducing
- <>16Renegotiated Rate
- <>20Second Mortgage
- <>02Fixed Payment with Balloon Option
- <>27Skip
- <>05Fixed Payment
- <>08Graduated Payment Adjustable Rate Mortgage
- <>11Collateral Pledge Graduated Payment Mortgage
- <>03Pledged
- <>21Interest Only
- <>24Five-year Balloon
- <>06Graduated Payment Mortgage (GPM)
- <>10Wraparound Mortgage
- <>09Extended Term