Loan format example:



Loan Type

Assumption Assuming an existing mortgage
Agreement of Sale A contract for deed is used as owner financing. The Seller retains title to the property until Buyer satisfies agreed amount
Balloon Are short term mortgages. Most balloons have a term of 5 to 7 years.
Building/Construction Loan Covers the cost of land development and building construction
New Conventional Interest rate does not change during the entire term of the loan
Conventional Blanket A loan on two or more pieces of property
Credit Line or Equity Line A loan taken out on the equity of the home
FHA Are insured by the Federal Housing Authority
Hula Mae A loan program created by the Hawaii State Legislature in 1979 for families of low and moderate income
Purchase Money Mtg Buyer borrows from the Seller
Refinance – Stand Alone The purpose of paying off an existing mortgage loan on property
Stand Alone – 1st 1st Mortgage
Stand Alone – 2nd 2nd Mortgage
Veteran’s Admin Guaranteed by the U.S. Department of Veterans Affairs
Commercial loan secured by commercial property, such as an office building, shopping center, etc.
Reverse Mortgage home loan for older homeowners (62 years or older) that requires no monthly mortgage payments
ARM Adjustable-rate mortgage
USDA Mortgages backed by the U.S. Department of Agriculture as part of its USDA Rural Development Guaranteed Housing Loan Program


Loan Lender Type

M Mortgage
2M 2nd Mortgage
DSM Double System Mortgage
DS2M Double System Second Mortgage
Bank Bank
MORT Mortgage Company
LNDR Lending Company
COMP Company or Corporation
SLLR Seller
CRUN Credit Union
PRIV Private
GOVT Government
INSU Insurance
CORP Corporation
3M 3rd Mortgage
FNCL Finance Company



Loan data is obtained from the BOC documents at the time of a transaction. Our TMK department looks over the document and manually populates this data into our database.

BOC – Bureau of Conveyances 



Assumption Agreement of Sale Balloon Building/Construction Loan New Conventional Conventional Blanket Credit Line or Equity Line FHA Hula Mae Purchase Money Mtg Refinance – Stand Alone Stand Alone – 1st Stand Alone – 2nd Veteran’s Admin Commercial Reverse Mortgage ARM  USDA M 2M DSM DS2M Bank MORT LNDR COMP SLLR CRUN PRIV GOVT INSU CORP 3M FNCL

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