Get the free HUD-1A

This form is an optional settlement statement used for transactions without sellers, specifically for refinancing and subordinate lien federally related mortgage loans. It details the settlement charges

How to fill out hud-1a

How to fill out HUD-1A

1. Start by entering the settlement date at the top of the form.
2. Fill in the buyer's and seller's names and addresses in the designated fields.
3. Enter the loan information, including the loan amount and interest rate.
4. List all settlement charges, including those for services, lender fees, and any other applicable costs, in the appropriate sections.
5. Fill out the buyer's and seller's adjustment amounts, such as pre-paid items or credits.
6. Calculate the totals for both the buyer and seller sections.
7. Review the form for accuracy and ensure that all fields are properly completed before finalizing.

Who needs HUD-1A?

1. The HUD-1A is used by individuals involved in a real estate transaction, particularly buyers and sellers.
2. It is required for transactions that do not involve a federally related mortgage.

This New HUD-1a Closing Statement is approved by the Secretary of Housing and Urban Development for use when there is no Seller and for use for refinancing. This form is available in fillable PDF format and is designed to be printed on legal size (8 1/2 by 14) paper.

People Also Ask about

What is the HUD-1 now called?

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. Seller will receive a separate Seller CD. The term for Buyer/Borrower is now “Consumer”. ( Seller remains “Seller”)

Are HUD-1 forms still used?

The settlement agent shall complete the HUD-1 to itemize all charges imposed upon the Borrower and the Seller by the loan originator and all sales commissions, whether to be paid at settlement or outside of settlement, and any other charges which either the Borrower or the Seller will pay at settlement.

What is a HUD-1 now called?

Closing Disclosure (CD - formerly HUD-1) The Closing Disclosure (CD - formerly the HUD-1 Uniform Settlement Statement) is a three-page, government-mandated form that details the costs associated with a real estate transaction. The borrower should receive a copy of the CD at least one day prior to the closing.

What is HUD title 1?

Summary: This program insures mortgage loans made by private lending institutions to finance the purchase or refinancing of a new or used manufactured home. Purpose: HUD has been providing loan insurance on manufactured homes under Title I since 1969.

Who fills out the hud 1 form?

The settlement agent shall complete the HUD-1 to itemize all charges imposed upon the Borrower and the Seller by the loan originator and all sales commissions, whether to be paid at settlement or outside of settlement, and any other charges which either the Borrower or the Seller will pay at settlement.

What is the difference between HUD-1 and HUD 1A?

The HUD-1 (or a similar variant called the HUD-1A) is used primarily for reverse mortgages and mortgage refinance transactions. The reference to 'HUD' in the form's name refers to the Department of Housing and Urban Development.

What is a HUD 1a settlement statement?

The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement, or all the charges in a mortgage refinance.

For pdfFiller’s FAQs

What is HUD-1A?

HUD-1A is a form used in real estate transactions, specifically for detailed closing statements that reflect the costs and fees associated with a settlement. It is commonly used for transactions that do not involve a traditional loan, such as cash sales.

Who is required to file HUD-1A?

Sellers, buyers, and lenders involved in a real estate transaction that utilizes the HUD-1A form are required to complete and file it, especially in transactions that do not involve a mortgage.

How to fill out HUD-1A?

To fill out HUD-1A, gather all relevant transaction details such as sales price, closing costs, and fees. Enter this information in the appropriate sections of the form, ensuring accuracy and clarity. It may be helpful to consult with a real estate professional for guidance.

What is the purpose of HUD-1A?

The purpose of HUD-1A is to provide a clear and comprehensive accounting of all settlement costs associated with a real estate transaction, enabling all parties to understand their financial obligations.

What information must be reported on HUD-1A?

HUD-1A must report information such as the purchase price, adjustments for taxes, fees for services provided, and any funds to be paid by the buyer or seller. It should also include the final disbursement of funds to all parties involved.