If you have a HMDA preapproval program, how do you treat construction/perm loans? The same as any other request for a home purchase preapproval request if there is no named property yet? Do you exclude construction/perm loans from the program?

I think they should be included in the preapproval progam and reporting requirements. The applicants are applying for permanent financing (a purchase). I don’t know how or why you would exclude these.

Thanks. I hadn't thought about construction/perm loans in this context before and wanted to make sure I wasn't missing something.