<P> The HUD - 1 Settlement Statement was a standard form in use in the United States of America which was used to itemize services and fees charged to the borrower by the lender or broker when applying for a loan for the purpose of purchasing or refinancing real estate . HUD refers to the Department of Housing and Urban Development . </P> <P> The borrower had the right to inspect the HUD - 1 one day prior to day of settlement . The form would have been filled out by the settlement agent who would conduct the settlement . </P> <P> Beginning in 2010, the HUD - 1 settlement statement also contained what was referred to as a Good Faith Estimate or GFE . This additional set of figures specified estimated settlement figures provided by the lender upon application of the loan . </P> <P> Borrowers could compare their Good Faith Estimate to the HUD - 1 Settlement Statement and ask their lender or broker about any changes . </P>

Where do i get a hud 1 form