Form Hud-1 - Settlement Statement - U.s. Department Of Housing And Urban Development
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1
2Settlement Statement
U.S. Department of Housing
OMB Approval No. 2502-0265
A.
(expires 11/30/2009)
and Urban Development
B. Type of Loan
6. File Number:
7. Loan Number:
8. Mortgage Insurance Case Number:
FHA
FmHA
Conv. Unins.
1.
2.
3.
VA
Conv. Ins.
4.
5.
C. Note: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked
“(p.o.c.)” were paid outside the closing; they are shown here for informational purposes and are not included in the totals.
D. Name & Address of Borrower:
E. Name & Address of Seller:
F. Name & Address of Lender:
G. Property Location:
H. Settlement Agent:
Place of Settlement:
I. Settlement Date:
J. Summary of Borrower's Transaction
K. Summary of Seller's Transaction
100. Gross Amount Due From Borrower
400. Gross Amount Due To Seller
101. Contract sales price
401. Contract sales price
102. Personal property
402. Personal property
103. Settlement charges to borrower (line 1400)
403.
104.
404.
105.
405.
Adjustments for items paid by seller in advance
Adjustments for items paid by seller in advance
106. City/town taxes
to
406. City/town taxes
to
107. County taxes
to
407. County taxes
to
108. Assessments
to
408. Assessments
to
109.
409.
110.
410.
111.
411.
112.
412.
120. Gross Amount Due From Borrower
420. Gross Amount Due To Seller
200. Amounts Paid By Or In Behalf Of Borrower
500. Reductions In Amount Due To Seller
201. Deposit or earnest money
501. Excess deposit (see instructions)
202. Principal amount of new loan(s)
502. Settlement charges to seller (line 1400)
203. Existing loan(s) taken subject to
503. Existing loan(s) taken subject to
204.
504. Payoff of first mortgage loan
205.
505. Payoff of second mortgage loan
206.
506.
207.
507.
208.
508.
209.
509.
Adjustments for items unpaid by seller
Adjustments for items unpaid by seller
210. City/town taxes
to
510. City/town taxes
to
211. County taxes
to
511. County taxes
to
212. Assessments
to
512. Assessments
to
213.
513.
214.
514.
215.
515.
216.
516.
217.
517.
218.
518.
219.
519.
220. Total Paid By/For Borrower
520. Total Reduction Amount Due Seller
300. Cash At Settlement From/To Borrower
600. Cash At Settlement To/From Seller
301. Gross Amount due from borrower (line 120)
601. Gross amount due to seller (line 420)
302. Less amounts paid by/for borrower (line 220)
(
) 602. Less reductions in amt. due seller (line 520)
(
)
303. Cash
From
To Borrower
603. Cash
To
From Seller
Section 5 of the Real Estate Settlement Procedures Act (RESPA) requires
Section 4(a) of RESPA mandates that HUD develop and prescribe this
the following: • HUD must develop a Special Information Booklet to help
standard form to be used at the time of loan settlement to provide full
persons borrowing money to finance the purchase of residential real estate
disclosure of all charges imposed upon the borrower and seller. These are
to better understand the nature and costs of real estate settlement services;
third party disclosures that are designed to provide the borrower with
• Each lender must provide the booklet to all applicants from whom it
pertinent information during the settlement process in order to be a better
receives or for whom it prepares a written application to borrow money to
shopper.
finance the purchase of residential real estate; • Lenders must prepare and
The Public Reporting Burden for this collection of information is estimated
distribute with the Booklet a Good Faith Estimate of the settlement costs
to average one hour per response, including the time for reviewing instruc-
that the borrower is likely to incur in connection with the settlement. These
tions, searching existing data sources, gathering and maintaining the data
disclosures are manadatory.
needed, and completing and reviewing the collection of information.
This agency may not collect this information, and you are not required to
complete this form, unless it displays a currently valid OMB control number.
The information requested does not lend itself to confidentiality.
form HUD-1 (3/86)
Page 1 of 2
Previous editions are obsolete
ref Handbook 4305.2
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