Glossary · People and paperwork
HUD-1
In short
The HUD-1 Settlement Statement is a standard form that itemizes all charges imposed on a borrower and seller for a real estate transaction. It provides a complete picture of all costs associated with the deal.
What it means in a deal
While largely replaced by the Closing Disclosure for most residential mortgages, you might still see a HUD-1 for certain commercial real estate transactions or if the deal involves older financing. Understand every line item to confirm costs and ensure they align with your purchase agreement.
Related terms
Common questions about HUD-1
- How does the SBA define an "associate" for affiliation purposes under 13 CFR 121?
- Can an SBA 7(a) loan finance 100% of the goodwill in a $1,500,000 business acquisition?
- How does SBA define an 'associate' for affiliation purposes under 13 CFR 121, impacting size determination?
- How does the SBA define an 'associate' for affiliation purposes under 13 CFR 121, beyond direct ownership?
- Is a UCC-1 filing sufficient to perfect a lien on business assets?
- What is the relationship between SBA Form 1919 and 1920, and which is currently required for 7(a) loan applications?
Defined by CapBench SBA Intelligence — plain-English definitions for business buyers, lenders, advisors, and AI agents, grounded in public SBA rules and records. Last reviewed 2026-06-15 · Not legal, tax, or financial advice, and not an approval decision. Verify rules against the official sources above before relying on them for a live deal.
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