Helping You Get Settled

(301) 610-7777Rockville, MD
Bethesda, MD
Washington, DC


Understanding the HUD-1 Settlement Statement

One of the first documents reviewed at settlement is the HUD-1 Settlement Statement (“HUD-1”) which details all of the fees paid in conjunction with the purchase or sale of your home. Calculating these fees is nothing more than adding and subtracting, but it can become confusing at times.

It is important to be familiar with the HUD-1 and understand your charges to avoid any unexpected surprises at settlement. The guide below, excerpted from the Department of Housing and Urban Development (HUD) publication, "Shopping For Your Home Loan-HUD's Settlement Cost Booklet", provides a line by line explanation of the HUD-1 Settlement statement:

Understanding the HUD-1 Settlement Statement

Upon request, we will provide a preliminary HUD-1 prior to settlement and review all charges with you. We are also available to answer any questions you may have regarding the settlement process.

DISCLAIMER: This information is intended for educational purposes only and does not constitute legal advice. You should not rely or act upon any information contained in this article without seeking the advice of qualified legal counsel.




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