This is from 1026.37(a)(9) and tells you how purpose must be completed:
Purpose. Applicant's intended use for the loan, using one of the following:
(i) Purchase. If to purchase property identified in 1026.37(a)(6);
(ii) Refinance. If not for “Purchaseâ€, and if refinancing an existing obligation that is secured by
property identified in 1026.37(a)(6);
(iii) Construction. If not for “Purchase†or “Refinance†and the loan is to finance the initial
construction of a dwelling on the property identified in 1026.37(a)(6).
(iv) Home equity loan. If not for “Purchaseâ€, “Refinance†or “Constructionâ€.
As mentioned above, if it's not a purchase, refinance or construction, your only option is home equity. Makes sense, right?