Hello!
We originated a 6-month temporary loan for the purchase of an existing home with additional funds to make some home improvements. (Replace roof, install new HVAC and remodel bathroom).
They have now gone to permanent financing. Will the permanent loan be reported as a Purchase or Refinance. Does the "purchase" only apply to initial construction loans (new build)? or would this scenario be a purchase also? I was thinking this would be refinance, but I am now second guessing myself.

The temporary purchase / renovation loan is not a construction loan and is not a covered transaction. The permanent financing of that loan is a refinance.

Thank you, Dan! I really appreciate your help!