{"ok":true,"canonical_url":"https://dealroom.so/glossary/hud-1","api_url":"https://dealroom.so/api/public/glossary/hud-1","data_freshness":{"sba_records_through":"2026-05-31","fdic_records_through":"2026-03-31","dealroom_last_updated":"2026-06-15","timezone":"America/Chicago"},"source_summary":["Public SBA 7(a) loan records","FDIC institution data","DealRoom lender and franchise enrichment"],"term":{"slug":"hud-1","term":"HUD-1","group":"People and paperwork","definition":"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":"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.","url":"https://dealroom.so/glossary/hud-1","official_sources":[],"related":[{"slug":"closing-disclosure","term":"Closing Disclosure","url":"https://dealroom.so/glossary/closing-disclosure"},{"slug":"lender-closing-costs","term":"Lender closing costs","url":"https://dealroom.so/glossary/lender-closing-costs"},{"slug":"mortgage","term":"Mortgage","url":"https://dealroom.so/glossary/mortgage"}],"related_questions":[{"question":"How does the SBA define an \"associate\" for affiliation purposes under 13 CFR 121?","url":"https://dealroom.so/for-lenders/questions/how-does-the-sba-define-an-associate-for-affiliation-purposes-under-13-cfr-121"},{"question":"Can an SBA 7(a) loan finance 100% of the goodwill in a $1,500,000 business acquisition?","url":"https://dealroom.so/sba-7a/questions/can-an-sba-7-a-loan-finance-100-of-the-goodwill-in-a-1-500-000-business-acquisition"},{"question":"How does SBA define an 'associate' for affiliation purposes under 13 CFR 121, impacting size determination?","url":"https://dealroom.so/for-lenders/questions/how-does-sba-define-an-associate-for-affiliation-purposes-under-13-cfr-121-impacting-size-"},{"question":"How does the SBA define an 'associate' for affiliation purposes under 13 CFR 121, beyond direct ownership?","url":"https://dealroom.so/for-lenders/questions/how-does-the-sba-define-an-associate-for-affiliation-purposes-under-13-cfr-121-beyond-dire"},{"question":"Is a UCC-1 filing sufficient to perfect a lien on business assets?","url":"https://dealroom.so/for-lenders/questions/is-a-ucc-1-filing-sufficient-to-perfect-a-lien-on-business-assets"},{"question":"What is the relationship between SBA Form 1919 and 1920, and which is currently required for 7(a) loan applications?","url":"https://dealroom.so/for-lenders/questions/what-is-the-relationship-between-sba-form-1919-and-1920-and-which-is-currently-required-fo"}]},"caveats":["Definitions represent DealRoom's plain-English interpretation for buyers; verify regulatory terms against the official SBA and eCFR sources listed.","Not legal, tax, or financial advice, and not an SBA eligibility determination."],"citation":{"label":"DealRoom.so Glossary — HUD-1","url":"https://dealroom.so/glossary/hud-1","source_type":"DealRoom Data"}}