ConstructionPurposeType
Type :
CLOSING_ConstructionPurposeTypeEnumerated
Value
Description
ConstructionOnly
A short term, interim loan for financing the cost of construction. The lender advances funds to the builder at periodic intervals as work progresses.
ConstructionToPermanent
The subject loan will be used for construction financing and then be converted to permanent financing.
Definition
AUS 2.3 added new element Construction Purpose Type
Parents
\LOAN\_APPLICATION\LOAN_PURPOSE\CONSTRUCTION_REFINANCE_DATA