Loan Eligibility Guidelines and Checklists

General Eligibility - All Collateral Types

1-4 Family Residential - Conventional

1-4 Family First Mortgage and Participation  - Collateral Type Codes 1101, 1102, 1103, 3101, 3102 and 3103 only for whole loans. Collateral Type Codes 1461 and 1561 only for participation.

1-4 Family First Mortgage - Held for Sale Collateral Type Code 1106 only

1-4 Family First Mortgage Construction Collateral Type Code 1431 only

1-4 Family Home Equity Mortgage Collateral Type Codes 1414 and 3414 only

HELOC First and Second Mortgage Collateral Type Codes 1423, 1424, 3423 and 3424 only

Multi-Family Real Estate

Multi-Family First Mortgage and Participation Collateral Type Codes 1109 and 3109 only for whole loans. Collateral Type Codes 1470 and 1570 only for participation.

Multi-Family Second Mortgage Collateral Type Codes 1401 and 3401 only

Multi-Family First and Second Mortgage Lines of Credit Collateral Type Codes 1441, 1442, 3441 and 3442 only

Multi-Family First Mortgage Interest Only Collateral Type Codes 1110 and 3110 only

Commercial Real Estate

Commercial Real Estate First Mortgage and Participation Collateral Type Codes 1402 and 3402 only for whole loans. Collateral Type Codes 1471 and 1571 only for participation.

Commercial Real Estate Second Mortgage Collateral Type Codes 1404 and 3404 only

Commercial Real Estate First and Second Mortgage Lines of Credit Collateral Type Codes 1443, 1444, 3443 and 3444 only

Commercial Real Estate First Mortgage Interest Only Collateral Type Codes 1410 and 3410 only

Agricultural Real Estate

Agriculture Real Estate First Mortgage and Participation Collateral Type Codes 1407 and 3407 only for whole loans. Collateral Type Codes 1472 and 1572 only for participation.

Community Financial Institution (CFI) Loans

Secured Business Loan Collateral Type Code 1616 only

Secured Agri-Business Loan Collateral Type Code 1617 only

Secured Business Line of Credit Collateral Type Code 1626 only

Secured Agri-Business Line of Credit Collateral Type Code 1627 only

Government Insured

For government agency guaranteed loans, checklists are not published.