Title

CLOSING_ConstructionPurposeTypeEnumerated

Description

No Documentation Available

Used By

\LOAN\_APPLICATION\LOAN_PURPOSE\CONSTRUCTION_REFINANCE_DATA\ConstructionPurposeType ( ConstructionPurposeType )

Codes

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.