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Senior Notes, Loans Payable and Mortgage Repurchase Facilities (Tables) | 6 Months Ended
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Jun. 30, 2025
Debt Disclosure [Abstract] |
Schedule of Senior Notes, Loans Payable and Mortgage Repurchase Facilities | The Company’s outstanding senior notes (together, the “Senior Notes”) consisted of the following (in thousands):
| June 30, 2025 |  | December 31, 2024 |
5.250% Senior Notes due June 1, 2027 | $ | 300,000 |  |  | $ | 300,000 |  |
5.700% Senior Notes due June 15, 2028 | 350,000 |  |  | 350,000 |  |
Deferred loan costs | (2,947) |  |  | (3,466) |  |
Total | $ | 647,053 |  |  | $ | 646,534 |  |
The Company’s outstanding loans payable consisted of the following (in thousands):
| June 30, 2025 |  | December 31, 2024
Term loan facility | $ | 250,000 |  |  | $ | 250,000 |
Seller financed loans | 12,921 |  |  | 20,970 |
Total | $ | 262,921 |  |  | $ | 270,970 |
Schedule of Repurchase Agreements | The following table provides a summary of Tri Pointe Connect’s Repurchase Agreements as of June 30, 2025 ($ in thousands):
Facility | Outstanding Balance |  | Facility Amount |  | Interest Rate |  | Expiration Date |  | Collateral (1)
Warehouse A | $ | 54,946 |  |  | $ | 100,000 |  |  | Term SOFR + 1.75% |  | 4/22/2026 |  | Mortgage Loans
Warehouse B (2) | 44,076 |  |  | 50,000 |  |  | Term SOFR + 1.75% |  | 7/30/2025 |  | Mortgage Loans
Warehouse B (2) | — |  |  | 50,000 |  |  | Term SOFR + 1.75% |  | On Demand |  | Mortgage Loans
Total | $ | 99,022 |  |  | $ | 200,000 |  |  |  |  |  |  |
__________ (1) Mortgage loans held for sale consist of single-family residential loans collateralized by the underlying property. Generally, all of the loans originated by us are sold in the secondary mortgage market within 30 days after origination. As of June 30, 2025, mortgage loans held for sale had an aggregate fair value of $104.9 million. (2) Warehouse B is a $100 million facility, of which $50 million is committed and $50 million is uncommitted. On April 23, 2025, we amended our Warehouse A facility to increase the total commitment by $20 million to $100 million and to extend the expiration date to April 22, 2026. On May 30, 2025, we amended our Warehouse B facility to extend its expiration date to July 30, 2025.

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
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