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Element
in
X12 Release 005020

1081 Loan Purpose Code

Code identifying the reason the loan is needed
Type
Identifier (ID)
Length
Min 2 / Max 2
Codes
01
Purchase Existing Home Previously Occupied
02
Purchase Existing Home Not Previously Occupied
03
Finance Improvement to Existing Property
04
Construct Home
05
Refinance
06
Purchase New Condominium Unit
07
Purchase Existing Condominium Unit
08
Finance Co-Operative Purchase
09
Manufactured Home
10
Manufactured Home and Lot
11
Manufactured Home and To Buy Lot
12
Manufactured Home and Lot Loan Refinanced
13
Construct New Home and Convert to Permanent
14
Purchase Unimproved Land
15
Other Loan Purpose
16
Purchase, Purpose Unidentified
17
Single Family
18
Multifamily Construction
19
Multifamily Project
20
Single Family Serial Note
21
All Terrain Vehicle
22
Dirt Bike
23
Farm Equipment
24
Jet Ski
25
Truck
26
Motorcycle
27
Snowmobile
28
Home Equity
30
Purchase Money Mortgage
31
Additional Financing
AL
Auto Lease
AR
Airplane
AU
Automobile
BO
Boat
CC
Charge Cards
CO
Charged Off
CT
Camper or Trailer
FM
First Mortgage Real Estate
MH
Mobile Home
PE
Personal
RE
Real Estate
RV
Recreation Vehicle
SL
Student Loan
SM
Second Mortgage Real Estate
SO
Sharedraft Overdraft
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Stedi is a registered trademark of Stedi, Inc. Stedi's EDI Reference and Mapping Guides are provided for marketing purposes and are free of charge. All names, logos, and brands of third parties listed on our site are trademarks of their respective owners (including “X12”, which is a trademark of X12 Incorporated). Stedi, Inc. and its products and services are not endorsed by, sponsored by, or affiliated with these third parties. Our use of these names, logos, and brands is for identification purposes only, and does not imply any such endorsement, sponsorship, or affiliation.