Existing loan secured by lien on mixed use real estate with original use of funds related to the development of the commercial business located on the property, lender is providing additional advance of 125,000 for the purchase and construction of a modular home on the property to be O/O. No change to existing maturity date (2012). Due to the purpose & use of funds, I believe the additional advance is HMDA reportable. Lender does not agree.

Sorry - Property is zoned for mixed use and currently there is a commercial building on the land for which we hold the 1st. Lender is granting an addtional advance of $125,000 for the purchase & construction of a modular home to be O/O. We will be taking a security interest in the modular home as well.

The loan is reportable. It's for the purpose of purchasing/constructing a dwelling and secured by a dwelling.

I just clicked on this thread by accident and glad I did. After re-reading the question I'm now not sure if you are making a new loan or modifying the existing loan. If you are only modifying the existing loan (no new note) it would not be reportable.