| 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. |
| Other | |
| Purchase | A loan made in association with the original purchase of a piece of property. |
| Refinance | The repayment of a debt from proceeds of a new loan using the same property as security or a mortgage secured by a property previously owned free and clear by the Borrower. |
| Unknown | Loan Purpose has not been reported or is not known. |