The HUD-1 is a standard, federally mandated form that is common in the closing of all US homebuying transactions. It's a long, complex form that maps out all the charges and fees that a lender or broker is charging to a buyer/borrower, along with the portion of pro-rata fees (such as taxes, insurance, utilities) a seller may be paying as part of the transaction.

A good faith estimate (GFE) is given to borrowers long before the HUD-1 (up to 3 days after filing a loan application) and is intended to preview some of the charges and fees that will ultimately appear on the HUD-1.

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