1082Use of Proceeds Code

Batch

Code specifying how proceeds will be used or why they are being requested

Element Details

Type ID
LengthMin 2 / Max 2
Codes
  • <>07Increase Rate
  • <>25Rate or Term Refinance with Cash Out
  • <>13Change in Loan Type
  • <>14Other Purpose
  • <>22Combined Construction and Permanent
  • <>ZZMutually Defined
  • <>12Debt Consolidation
  • <>17Reduce Rate
  • <>01Cash
  • <>23Increase Term
  • <>18Equity Takeout
  • <>04Home Improvement
  • <>16Purchase
  • <>20Construction to Permanent
  • <>02Change in Rate or Term or Both
  • <>05Education
  • <>08Reduce Term
  • <>11Debt Consolidation Refinance
  • <>21Construction
  • <>24Balloon Satisfaction
  • <>06Medical
  • <>09Adjustable Rate to Fixed Rate