Glossary · People and paperwork
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.
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.
Defined by DealRoom.so 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.
Know what you'll need before you apply
Tell us about the deal and who's buying — we'll flag the guaranty, eligibility, and paperwork issues that slow SBA approval before they cost you time.
Free · No documents · Usually same-day