1085 Loan Payment Type Code

Code identifying the nature of loan payment

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

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