occupancy

Information related to the occupancy of the property that is available on the mortgage at the time of origination.

For additional details refer to: https://www.federalreserve.gov/apps/reportingforms/Report/Index/FR_Y-14M

├── investment
├── non_owner_occupied
├── primary
└── second_home

investment

The property is purchased for investment purposes. This includes properties that are rented out to tenants or held for potential appreciation in value.

non_owner_occupied

The property of the mortgage is not occupied by the borrower.

primary

The property serves as the borrower’s main residence. This is where the borrower lives for the majority of the year and is considered their principal dwelling place.

second_home

The property is used as a secondary residence by the borrower. This could be a vacation home, weekend retreat, or other property that the borrower occupies for part of the year but is not their primary residence.