CLOSING_PropertyUsageTypeEnumerated
Title
CLOSING_PropertyUsageTypeEnumerated
Description
No Documentation Available
Used By
\LOAN\_APPLICATION\LOAN_PURPOSE\PropertyUsageType
(
PropertyUsageType
)
Codes
Value
Description
Investment
Investor
The purchase of a home for the purpose of generating income by renting the property to tenants. NOTE: Used by AUS 2.1 only to indicate Investment.
Other
PrimaryResidence
Residence that the owner physically occupies and uses as his or her home.
SecondHome
A property purchased for occupancy by the owner but is not the primary residence. Usually recreational properties.