PDFSimpli Logo
  • PDF EDITOR
    • Merge PDF
    • Split PDF
    • Compress PDF
    • E-Sign
    • Watermark
    • Rotate PDF
  • PDF CONVERTER
    • PDF to JPG
    • JPG to PDF
    • PDF To Word
    • Word to PDF
    • PDF to PNG
    • PNG to PDF
    • Excel to PDF
    • PPT to PDF
    • Convert HTML to PDF
    • OCR Tool
  • FORMS
    • Banking
    • Medical
    • Real Estates
    • Brochure
    • Business
    • Career
    • Legal
    • Letters
  • TEMPLATES
    • Employment
    • Business
    • Bill of Sale
    • Real Estate
    • Family
    • Finance
    • Goverment
    • Wills And Testament
Member Login
  • My Account
    • MY DOCUMENTS
    • FAQ's
    • Contact Us
    • SIGN-OUT
  1. PDFSimpli
  2. Forms
  3. Real Estate
  4. Misc
  5. HUD 1 PDF

Complete HUD 1 PDF in Seconds with PDFSimpli.

Fill out the HUD 1 PDF form for FREE! Keep it Simple when filling out your HUD 1 PDFand use PDFSimpli, . Don’t Delay, Try for Free Today!

GET STARTED NOW
HUD 1 PDF

September 27, 2018 by Lisa Bowlin

Facts about the HUD 1 PDF template

Contents

  • 1 Facts about the HUD 1 PDF template
  • 2 What Is an HUD 1 Form PDF Used For?
  • 3 Who Would Use an HUD 1 Form PDF?
  • 4 When Should an HUD 1 Form PDF Be Used?
  • 5 What Are the Consequences for Not Using an HUD 1 Form?
  • 6 How to Fill Out an HUD 1 Form
  • 7 Quick Questions
    • 7.1 Where should an HUD 1 be filed?
    • 7.2 What form replaced the HUD 1?
    • 7.3 Are closing statements and closing disclosures the same thing?
An HUD-1 form is also called a settlement statement form. It's a standard real estate form put out by the government. In the past, it was used by the closing agent to itemize any charges that were imposed upon sellers and borrowers during real estate transactions. In today's world, the form is not usually used unless one exception is met.

What Is an HUD 1 Form PDF Used For?



This document is one that the United States Department of Housing and Urban Development put together. The original intent was for every party involved in a real estate transaction to be given a list of both outgoing and incoming funds. The HUD form also included any transaction fees that had been paid before the closing. These fees would receive a "POC" marking, meaning "Paid Outside of Closing."

Even though the document is no longer used for every real estate transaction, there is still one main use for it. Reverse mortgages use the HUD form. This is a type of mortgage that's typically taken out by a seller who is close to or past retirement age. The mortgage is a way for them to pull out their equity. Before 2015, in the period lasting 3 to 10 years after a short sale, lenders would often seek a copy of this form so they had proof of the exact date that the closing occurred.

Also prior to 2015, the federal guidelines and regulations said that borrowers were meant to receive a copy of the form at least one day before the settlement occurred. Some entries would be filed just a few hours before the closing happened. The majority of sellers and buyers would study the statement by themselves, then with their real estate and settlement agents. The more people who reviewed it, the lower the chances of errors occurring.

Who Would Use an HUD 1 Form PDF?



In its original conception, the HUD-1 form was designed to be used by sellers and buyers of real estate. It was a way of organizing and itemizing all the relevant fees, including fees that had already been paid. After 2015, this is no longer the main statement for organization. However, people with reverse mortgages still use the form.

When Should an HUD 1 Form PDF Be Used?



Nowadays, the form doesn't need to be used in every real estate transaction. Instead, it should be used when a person sets up a reverse mortgage. Reverse mortgages are designed to let homeowners borrow equity. Rather than making payments to their lender, their lender will make payments to them. Payments might be a lump sum, periodic advances, monthly payments, or any combination of these things.

You can qualify for reverse mortgages if you're over 62 years old and you have an adequate amount of equity in your home.

What Are the Consequences for Not Using an HUD 1 Form?



This is the main way to record and itemize your transactions when a reverse mortgage is involved. It's important that all information be reflected and updated as accurately as possible. Multiple people should go over the form to make sure that all of the numbers are correct. It's common for little mistakes to show up on the form, and these little mistakes can have a big impact down the road.
Remember that HUD 1 PDF is only one of millions of forms you can fill out with PDFSimpli. Finally you have an awesome online tool to edit and annotate forms, share PDFS with colleagues, friends and family, and convert filetypes. Try it our with HUD 1 PDF for 100% FREE!

How to Fill Out an HUD 1 Form



In Part B, you'll have to give details about the type of loan you're financing. You will have to check the relevant box. In Question 6, you'll give your case file number, and in Question 7, you'll give your official loan number. If you have a mortgage insurance case number, you'll provide that for Question 8.

Part D will capture the borrower's name and current physical address. Part E does the same for the seller. The lender's name and physical address are captured in Part F. Part G is designated for the location of the property; you should put the real estate's physical address here. In Part H, you'll write the name of the settlement agent and the place that the settlement occurred. Part I will reflect the settlement date.

Part J will ask for the summary of the borrower's entire transaction. This is where you'll record all relevant fees and other miscellaneous transaction data. You'll give the sales price of the contract, the price of personal property, and any settlement charges given to the borrower. If there's an adjustment for any items that the seller paid for, you'll note it here as well. Give information about the loan, taxes, and any adjustments made for these things.

In Part K, the seller will make a similar list of their transactions. It will include any settlement charges to them, any existing loans, and when the first or second mortgage loans were paid off.

Part L will note the total settlement charges. This is where the total amount of fees for the real estate broker are recorded, along with items payable and items required to receive advance payment. If the lender has any reserves deposited, or the transaction included title charges, they should be listed here as well.

The final part of the form is an outline of the loan terms. This is where the person will write their initial loan amount, the amount of years that the loan term lasts, and the initial interest rate. You'll make notes of whether the interest rate is capable of rising, if the loan balance can rise, and if there are any prepayment penalties. All of these details should be worked out between the buyer, the seller, and the lender.

Don't have a resume yet? Use ResumeBuild to build a professional resume in minutes!

Quick Questions

If you use this form, copies of it should be given to all parties involved in the transaction. This includes the agents, lender, buyer, and seller.

As of 2015, all real estate transactions were no longer required to use this form. The new form is referred to as a Closing Disclosure form.

A closing disclosure is required to be filed with any real estate transaction. It is basically the same as a person's closing statement.

Filed Under: Misc

Fully Integrated With

  • G Suite
  • Office 365
  • Dropbox

Protected By

  • Rapid SSL
  • GeoTrust
  • TrustSpot

What people are saying

Nicklaus
Nicklaus

Awesome! User friendly would recommend to anyone

Pamela
Pamela

Great! A+ experience. Would definitely recommend to others.

Heidi
Heidi

Worked perfectly, and fast! Super easy too, I just needed to drag and drop and click a single button!

Support

  • FAQ’s
  • Contact Us
  • Compliance
  • Refund/Cancellations
  • About Us
  • Affiliate Program
  • Privacy Policy
  • Terms and Conditions
  • Help Guide

Resources

  • Pricing
  • PDF Editor
  • PDF Forms
  • Learn
  • PDF Templates
  • PDF Converter

🌐 Languages

  • English
  • Español
  • Italiano
  • العربية
  • Français
  • Português
  • + More Languages

Select Language

  • English - EN
  • Nederlands - NL
  • Español - ES
  • Türkçe - TR
  • Français - FR
  • Русский - RU
  • Italiano - IT
  • 日本 - JA
  • Português - PT
  • 中国 - ZH
  • عربي- AR
  • Tagalog - TL
  • Deutsch - DE
  • हिंदी - HI
  • Polskie - PL
  • Tiếng Việt - VI

Mobile Apps

  • Mobile Apps

© 2025, WorkSimpli Software, LLC. a subsidiary of LifeMD Inc., All rights reserved. Proudly partnering with Solid Documents and Aspose.

PDFSimpli.com and our partners use cookies. These cookies only collect personal data when you opt in to the PDF editor. Privacy Policy and Cookie Tracking Policy✕