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Get Hud-1 Worksheet 1986-2025
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How to fill out the HUD-1 Worksheet online
The HUD-1 Worksheet is a critical document used in real estate transactions, providing a detailed summary of closing costs. This guide will walk you through the steps to competently fill out the HUD-1 Worksheet online, ensuring you have a clear understanding of each component.
Follow the steps to successfully complete the HUD-1 Worksheet.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Input the sales price in the designated field. If the loan is FHA, ensure to include the mortgage insurance premium if applicable.
- Enter the mortgage amount and interest rate. Note that the percentage symbol should not be included; instead, format the interest rate as a decimal (e.g., 0.06 for 6%).
- Fill out the yearly homeowners insurance premium and estimate property taxes but remember to format the taxes without the percentage symbol.
- Provide the closing date in the format mm/dd/yyyy, ensuring that the date reflects a past date.
- Complete the borrower and seller information sections, including names and addresses as required.
- Detail the transaction summaries for both the buyer and the seller, ensuring accuracy in all monetary amounts, such as gross amounts due and adjustments.
- Review the summary of settlement charges, including any applicable sales or broker's commissions, fees tied to the loan, and any required deposits.
- Once all sections are accurately filled, remember to double-check all figures throughout the document.
- Finally, save your changes, download, print, or share the completed form as necessary.
Take action now to fill out the HUD-1 Worksheet online and ensure a smooth closing process.
The HUD-1 statement is required for certain types of real estate transactions, particularly those involving federally-related mortgage loans. This includes conventional loans that are federally regulated. If you are in such a transaction, using the HUD-1 Worksheet can prepare you for understanding your financial obligations at closing.
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