Property Resource
A list of options that describe the type of financing used. This field is used when setting a listing to Closed. i.e. cash, FHA loan, etc.8/12/2015| Standard Value | Definition | Usage |
|---|---|---|
| Assumed | The buyer assumed a current form of financing. | 21% |
| Cash | The buyer paid cash for the property. | 41% |
| Contract | The purchase of a property involves an agreement to perform services, provide product, share of income, or some other agreement as the method of... | 15% |
| Conventional | The buyer is using conventional financing to purchase the home. | 40% |
| FHA | A loan from an approved provider that follows the guidelines of, and is insured by, the Federal Housing Administration. | 32% |
| FHA 203(b) | The basic home mortgage loan from an approved provider that follows the guidelines of, and is insured by, the Federal Housing Administration. | 1% |
| FHA 203(k) | A loan, for the rehabilitation and repair of single family residence, from an approved provider that follows the guidelines of, and is insured by,... | 5% |
| Other | The buyer is using another form of financing that is not included in the options provided in this list. | 33% |
| Private | Financing is provided by a private party. | 14% |
| Seller Financing | The seller is providing financing to the buyer. | 18% |
| Trust Deed | Financing where title of the property is placed with a trustee who secures payment of the loan for a beneficiary. | 1% |
| USDA | A loan from an approved provider that follows the guidelines of, and is insured by, the US Department of Agriculture. | 18% |
| VA | A loan from an approved provider that follows the guidelines of, and is insured by, the US Department of Veterans Affairs. | 32% |