{"ok":true,"canonical_url":"https://dealroom.so/glossary/hud-1-settlement-statement","api_url":"https://dealroom.so/api/public/glossary/hud-1-settlement-statement","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-settlement-statement","term":"HUD-1 Settlement Statement","group":"Doing the deal","definition":"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":"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.","url":"https://dealroom.so/glossary/hud-1-settlement-statement","official_sources":[],"related":[{"slug":"recorded-deed","term":"Recorded Deed","url":"https://dealroom.so/glossary/recorded-deed"},{"slug":"lender-closing-costs","term":"Lender closing costs","url":"https://dealroom.so/glossary/lender-closing-costs"},{"slug":"legal-fee","term":"Legal fee","url":"https://dealroom.so/glossary/legal-fee"},{"slug":"escrow-holdback","term":"Escrow / holdback","url":"https://dealroom.so/glossary/escrow-holdback"}],"related_questions":[{"question":"Will a past civil lawsuit settlement (not bankruptcy) affect my SBA 7(a) loan eligibility?","url":"https://dealroom.so/sba-7a/questions/will-a-past-civil-lawsuit-settlement-not-bankruptcy-affect-my-sba-7-a-loan-eligibility"},{"question":"What if my personal financial statement shows low liquid assets?","url":"https://dealroom.so/sba-loans/basics/what-if-my-personal-financial-statement-shows-low-liquid-assets"},{"question":"How important is my personal financial statement for an SBA 7(a) loan application?","url":"https://dealroom.so/sba-7a/questions/how-important-is-my-personal-financial-statement-for-an-sba-7-a-loan-application"},{"question":"When is an SBA Form 912 (Statement of Personal History) required for a non-owner guarantor?","url":"https://dealroom.so/for-lenders/questions/when-is-an-sba-form-912-statement-of-personal-history-required-for-a-non-owner-guarantor"},{"question":"When is SBA Form 912, Statement of Personal History, specifically required for 7(a) loan applicants?","url":"https://dealroom.so/for-lenders/questions/when-is-sba-form-912-statement-of-personal-history-specifically-required-for-7-a-loan-appl"},{"question":"What is the significance of the 'Statement of Personal History' form for an SBA 7(a) loan?","url":"https://dealroom.so/sba-loans/basics/what-is-the-significance-of-the-statement-of-personal-history-form-for-an-sba-7-a-loan"}]},"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 Settlement Statement","url":"https://dealroom.so/glossary/hud-1-settlement-statement","source_type":"DealRoom Data"}}