Commitments and Contingencies (Tables)

9 Months Ended

Dec. 31, 2022

Repurchase Contingencies [Roll Forward]

Loan Contracts with Off-Balance Sheet Commitments

Construction-Period Mortgages. We fund construction-period mortgages through periodic advances during home construction. At the time of initial funding, we commit to fully fund the loan contract in accordance with a predetermined schedule. The total loan contract amount, less cumulative advances, represents an off-balance sheet contingent commitment to fund future advances.

Loan contracts with off-balance sheet commitments are summarized below (in thousands):

	December 31, 2022		April 2, 2022
Construction loan contract amount	$	3,251	$	9,330
Cumulative advances	(757)		(3,547)
	$	2,494	$	5,783