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Segment
in
X12 Release 008010

BUY Loan Buydown

To describe the features of a loan buydown
Sequence
Element
Name
Type
Requirement
Min
Max
Repeat
01
1084
Loan Buydown Type Code
Identifier (ID)
Mandatory
1
1
1
Code indicating the type of loan buydown
If BUY01 equals "P", then BUY04 and BUY05 are required.
Codes (2)
02
Source of Funds Code
Identifier (ID)
Mandatory
1
1
1
Code identifying the source of the funds
BUY02 defines source of funds for buydown.
Codes (12)
03
Monetary Amount
Decimal number (R)
Optional
1
18
1
Monetary amount
BUY03 defines total amount of buydown.
04
Percentage as Decimal
Decimal number (R)
Optional
1
10
1
Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)
BUY04 is percent of permanent payment decrease.
05
Percentage as Decimal
Decimal number (R)
Optional
1
10
1
Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)
BUY05 is percent of permanent rate decrease.
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.
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.