Hud 1 settlement statement form - Free PDF Downloads Blog 2025

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The GFE and initial Truth in Lending disclosure (TIL) at application will be replaced by the Loan Estimate (LE). The HUD-1 and final TIL will be replaced by the Closing Disclosure (CD) which must be verified as delivered to the consumer (borrower) three days before loan documents can be signed.
The law doesnt require either party to be responsible for drafting a settlement agreement. You can choose to draft it yourself and offer it to them if you want to settle or they will offer you one if they want to settle.
The settlement agent shall complete the HUD-1A in ance with the instructions for the HUD-1 to the extent possible, including the instructions for disclosing items paid outside closing and for no cost loans. Blank lines are provided in section L for any additional settlement charges.
On a cash deal, the settlement statement is prepared by the settlement agent, which in almost all cases is the purchasers attorneys office, and typically the statement is not completed and circulated until one or two days before the scheduled closing date.
A HUD-1 or HUD-1A Settlement Statement is prepared by a creditor or, more typically, by the settlement agent who conducts the closing on the creditors behalf.
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If you find at a later time you need a copy of your closing statement, contact the settlement agent for the home purchase. Other parties that may have copies of the settlement documents include your real estate agent, or the financial institution that holds the loan for the property.

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