Settlement statement 2025

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The document is a HUD-1A Settlement Statement, an optional form used in real estate transactions without sellers. It outlines the financial details of a loan settlement, including charges related to the loan, disbursements, title charges, and government recording fees. The form also compares Good Faith Estimate (GFE) charges with actual HUD-1A charges, indicating which charges can change and which cannot. Additionally, it provides information on loan terms such as interest rates, potential increases, prepayment penalties, and balloon payments.

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Click ‘Get Form’ to open the settlement statement in the editor.
Begin by entering the 'Name and Address of Borrower' and 'Name and Address of Lender' in the designated fields. Ensure accuracy as this information is crucial for identification.
Fill in the 'Property Location' if it differs from the borrower's address, followed by details of the 'Settlement Agent', 'Place of Settlement', 'Loan Number', and 'Settlement Date'.
Proceed to section L, where you will detail all 'Settlement Charges'. Carefully input each charge, referencing your Good Faith Estimate (GFE) for accurate amounts.
In section M, list any disbursements to others. This includes items payable in connection with the loan such as appraisal fees and credit report charges.
Complete sections regarding reserves deposited with lender and title charges, ensuring all figures align with your GFE.
Finally, review all entries for accuracy before saving or sharing your completed settlement statement.

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We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Where can I get a settlement statement?

All of this serves to tell the buyer (or refinancer) how much money will be due at closing, and to whom. It also tells the seller how much their proceeds will be. The settlement statement can be provided to the homebuyer and seller by the mortgage lender, a settlement agent, a title company or a real estate attorney.

When should I receive my settlement statement?

By law, you must receive your Closing Disclosure at least three business days before your closing. Read your Closing Disclosure carefully. It tells you how much you will pay for your loan. Our interactive sample Closing Disclosure helps you double-check the details and get definitions for terms used on the form.

What is a settlement document?

A Standard Document that provides a model short-form agreement for parties looking to settle a pending lawsuit and mutually release one another from future claims.

What is the settlement statement?

A settlement statement is a multiple-page form, typically prepared by the closing agent, with fields for all possible financial costs related to the transaction. The document will show who has paid or will pay for each itemized expense, including loan amounts, fees, taxes, appraisals and any other relevant costs.

What is the purpose of the settlement?

The purpose of a Settlement Agreement is to legally terminate an employment contract whilst settling or waiving the employees disputes and future claims. Either the employer or employee can offer a Settlement Agreement to terminate the employment contract in a mutually acceptable way.

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What is the settlement statement of a transaction?

A transaction settlement ensures the definitive transfer of funds or assets between parties, marking the completion of a transaction. It is crucial in facilitating the exchange of securities, commodities, currencies, or other assets for payment, guaranteeing a seamless and secure transfer process.

Who prepares the settlement statement?

Who prepares the settlement statement? Whoever is facilitating the closing whether it be a title company, escrow firm, or real estate attorney will be responsible for preparing the settlement statement.

Is settlement the same as closing?

The closing is the last step in buying and financing a home. The closing, also called settlement, is when you and all the other parties in a mortgage loan transaction sign the necessary documents.