| DownPaymentAmount | The dollar amount of funds supplied by a borrower for a down payment.A data type of Amount SHOULD identify a number value that is an amount of money and MAY have a CurrencyURI attribute. It SHALL NOT contain any punctuation other than the decimal point or sign values. The decimal point is ALWAYS the US nationalization character (.) in the designated character encoding (UTF-8 assumed when not stated )
It SHOULD be able to contain at least 18 digits.
EXAMPLE: An Unpaid Principle Balance Amount of $100,000.12 would be expressed as "100000.12". |
| DownPaymentOptionType | Specifies the type of option used to facilitate the borrower's down payment.Specifies the type of option used to facilitate the borrower's down payment. |
| DownPaymentOptionTypeOtherDescription | A free-form text field used to collect additional information when Other is selected for Down Payment Option Type.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided.
EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.". |
| EXTENSION | |
| FundsSourceType | A value from a MISMO prescribed list that specifies the party providing the associated funds.A value from a MISMO prescribed list that specifies the party providing the associated funds. |
| FundsSourceTypeOtherDescription | A free-form text field that specifies the enumeration when the value of Other is used for Funds Source Type.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided.
EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.". |
| FundsType | A monetary source commonly used to pay obligations in a mortgage loan transaction.A monetary source commonly used to pay obligations in a mortgage loan transaction. |
| FundsTypeOtherDescription | A free-form text field used to collect additional information when Other is selected for Funds Type.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided.
EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.". |
| PropertySellerFundingIndicator | Indicates whether some or all of the down payment was funded by the Property Seller either directly or indirectly through a community or religious nonprofit.A data type of Indicator SHOULD identify a data point that represents a boolean value.
The value choices SHOULD be "true" or "false" but MAY be "1" or "0".
EXAMPLE: A Basement Finished Indicator for a basement that qualifies would be expressed as "true". |