For purchase and refinance applications taken prior to October 3, 2015, customers receive a HUD-1 settlement statement at closing. This document details the fees associated with closing a mortgage. It is commonly requested by lenders to verify proof of sale or equity proceeds from the sale of a property.
For new purchase and refinance applications taken on or after October 3, 2015, at closing customers receive a Closing Disclosure Statement detailing the terms and closing costs of the transaction.
Avoid delays in processing your application
For all documents you’re asked to provide:
- Make sure the copies you send are legible.
- Do not include documents that have been altered with correction fluid or by other means.
- Submit the entire requested document and include all pages (even blank ones).