Finance
A Virginia lender who provides a Good Faith Estimate (GFE) for a loan is likely dealing with which loan type?
AA TRID-covered purchase mortgage
BA HELOC or reverse mortgage (not covered by TRID)✓ Correct
CAn FHA loan only
DA construction loan only
Explanation
HELOCs, reverse mortgages, and mobile home loans are exempt from TRID. Lenders for these products may still use GFE-type disclosures under older RESPA/TILA requirements.
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