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#2259211 - 09/02/21 08:28 PM Construction/Purpose
Compliance Newbie Offline
Member
Joined: Jan 2015
Posts: 79
The customers are putting up land with a shop with living quarters in which they live. They want to finance this property for cash out to construct a house on this property but wanted all the money up front to start construction. Terms are a fixed rate for 20 years. What would be the purpose for HMDA?

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#2259224 - 09/02/21 09:27 PM Re: Construction/Purpose Compliance Newbie
raitchjay Online
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Joined: Oct 2009
Posts: 9,108
OK
Purchase.
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I'm fixin' to fix that.

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