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Element
in
X12 Release 005020

1085 Loan Payment Type Code

Code identifying the nature of loan payment
Type
Identifier (ID)
Length
Min 2 / Max 2
Codes
01
Adjustable Payment Based on Index
02
Fixed Payment with Balloon Option
03
Pledged
04
Growing Equity Mortgage (GEM)
05
Fixed Payment
06
Graduated Payment Mortgage (GPM)
07
Interest Only with Balloon
08
Graduated Payment Adjustable Rate Mortgage
09
Extended Term
10
Wraparound Mortgage
11
Collateral Pledge Graduated Payment Mortgage
12
Fixed Payment With Buydown
13
Other Loan Payment Type
14
Step Rate
15
Tiered
16
Renegotiated Rate
17
Reverse Annuity
18
Reverse Installment Buydown
19
Shared Appreciation
20
Second Mortgage
21
Interest Only
22
Non-level
23
Biweekly
24
Five-year Balloon
25
Seven-year Balloon
26
Regular Reducing
27
Skip
28
Balloon
29
Single
30
Fixed Principal Payment
32
Start Up Mortgage
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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.