UNSPSC 64101905: Home equity loan

A type of loan in which the borrower uses the equity of his or her home as collateral. It has a fixed term and requires specific payments over time

UNSPSC 64101905 Home equity loan is a Commodity code that does not map to state and local procurement activity as actually practiced. The source contains no recent opportunities involving home equity loans themselves—that is, residential mortgages, refinancing products, or equity lines of credit offered or procured by state or local governments. State and local bodies do not borrow against residential real estate; they do not issue or underwrite home equity loans as products. The code appears in the dataset by misclassification: one solicitation (Salt Lake City Housing Stability Division loan and underwriting services) involves municipal lending programs and technical consulting on loan underwriting, not home equity products. A second (City of Sun Prairie home repair loan administration) concerns low-income rehabilitation financing capped at $12,000 per property—a grant-funded repair subsidy program, not home equity lending. A third (Pinellas County mortgage loan portfolio servicing) involves servicing existing municipal mortgage assets, not origination or sale of home equity instruments. The remaining opportunities in the block—default prevention counseling, energy efficiency revolving loans, vehicle financing, student loan management, bad debt collection, unclaimed property auditing, emergency shelter services, park improvements, and internal audits—have no connection to the code's nominal scope.

State and local governments procure loan administration, underwriting consulting, and servicing support for internally managed lending programs (housing rehabilitation, brownfield remediation, energy efficiency, disaster recovery); they do not transact in home equity loans as a commodity class. The code shows no relevant recent activity and signals a taxonomy mismatch rather than an active procurement category.