How do Construction Costs impact my transaction?

Construction Costs is used to determine the Closing Costs Financed (Paid from your Loan Amount) on the Loan Estimate and Closing Disclosure.

In the closing phase, the amount entered for Construction Costs will display as an Amount Paid to Third Party on the Disbursements page for all construction transactions and will also display in the Adjustments section on the Closing Disclosure page when Use Seller Disclosures on Non-Seller Transaction is selected, Seller Information Unknown is selected, or a Seller has been added in Collateral Details.