2 Department of Housing and Urban Development Forms
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HUD-1 Form
What is the HUD-1 Form?
The HUD-1 Form, also known as the Settlement Statement, is a standardized document used in real estate transactions in the United States. It is issued by the Department of Housing and Urban Development (HUD) and provides an itemize
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Good Faith Estimate
What is a Good Faith Estimate?
The Good Faith Estimate is a legal statement that involves the analysis of approximate payments owed at the moment of the closing of mortgage credit or loan. The Good Faith Estimate or GFE helps borrowers and lenders to comp