Sample Good Faith Estimate

Information by State  Print version

As of May 1, 1996

PART 3500 -- APPENDIX C

Appendix C to Part 3500 -- Sample Form of Good Faith Estimate

[Name of Lender]\1\

The information provided below reflects estimates of the charges which you are likely to incur at the settlement of your loan. The fees listed are estimates -- the actual charges may be more or less. Your transaction may not involve a fee for every item listed.

The numbers listed beside the estimates generally correspond to the numbered lines contained in the HUD - 1 or HUD - 1A settlement statement that you will be receiving at settlement. The HUD - 1 or HUD - 1A settlement statement will show you the actual cost for items paid at settlement.

Item\2\	HUD - 1 or HUD - 1A	Amount or range
Loan origination fee	801	$XXXX
Loan discount fee	802	$XXXX
Appraisal fee	803	$XXXX
Credit report	804	$XXXX
Inspection fee	805	$XXXX
Mortgage broker fee	[Use blank line in 800 Section]	$XXXX
CLO access fee	[Use blank line in 800 Section]	$XXXX
Tax related service fee	[Use blank line in 800 Section]	$XXXX
Interest for [X] days at $XXXX per day	901	$XXXX
Mortgage insurance premium	902	$XXXX
Hazard insurance premiums	903	$XXXX
Reserves	1000 - 1005	$XXXX
Settlement fee	1101	$XXXX
Abstract or title search	1102	$XXXX
Title examination	1103	$XXXX
Document preparation fee	1105	$XXXX
Attorney's fee	1107	$XXXX
Title insurance	1108	$XXXX
Recording fees	1201	$XXXX
City/County tax stamps	1202	$XXXX
State tax	1203	$XXXX
Survey	1301	$XXXX
Pest inspection	1302	$XXXX
[Other fees -- list here]		$XXXX

Applicant

Date

Authorized Official

These estimates are provided pursuant to the Real Estate Settlement Procedures Act of 1974, as amended (RESPA). Additional information can be found in the HUD Special Information Booklet, which is to be provided to you by your mortgage broker or lender, if your application is to purchase residential real property and the Lender will take a first lien on the property.

Footnotes

\1\The name of the lender shall be placed at the top of the form. Additional information identifying the loan application and property may appear at the bottom of the form or on a separate page. Exception: If the disclosure is being made by a mortgage broker who is not an exclusive agent of the lender, the lender's name will not appear at the top of the form, but the following legend must appear:

This Good Faith Estimate is being provided by XXXXXXXX, a mortgage broker, and no lender has yet been obtained.

\2\Items for which there is estimated to be no charge to the borrower are not required to be listed. Any additional items for which there is estimated to be a charge to the borrower shall be listed if required on the HUD - 1.

[58 FR 17165, Apr. 1, 1993, as amended at 59 FR 6521, Feb. 10, 1994]