Glossary · Doing the deal
HUD-1 Settlement Statement
In short
The HUD-1 Settlement Statement is a standardized form used in real estate transactions to itemize all charges and credits for both the buyer and seller.
What it means in a deal
If your acquisition includes real estate, the HUD-1 (or often now a Closing Disclosure, CD) is a key document at closing. It provides a detailed breakdown of all funds involved, including loan amounts, closing costs, and prorations. Review it meticulously to ensure all figures are correct and agreed upon.
Related terms
Common questions about HUD-1 Settlement Statement
- Will a past civil lawsuit settlement (not bankruptcy) affect my SBA 7(a) loan eligibility?
- What if my personal financial statement shows low liquid assets?
- How important is my personal financial statement for an SBA 7(a) loan application?
- When is an SBA Form 912 (Statement of Personal History) required for a non-owner guarantor?
- When is SBA Form 912, Statement of Personal History, specifically required for 7(a) loan applicants?
- What is the significance of the 'Statement of Personal History' form for an SBA 7(a) loan?
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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