what s included in a hud 1 form 
oddly the hud 1 is meant to be reviewed verso or reverse side first the reverse side has two columns the left hand column itemizes the borrower s charges and the right hand column itemizes the seller s charges the borrower s list includes charges related to the mortgage such as a loan origination fee discount points payment for a credit report and fees for the appraisal and flood certification it also may include any prepaid interest charges homeowner s insurance fees property taxes owner s and lender s title insurance and the closing agent s fees the itemized seller list may itemize the real estate commission any contractually agreed upon credit to the buyer and mortgage pay off information the seller s itemized charges typically are lower than the buyer s charges the figures on the hud 1 verso back page are added up and the totals are carried to the form s recto or front side the amount of cash required to be paid by the borrower and the amount to be paid to the seller appear at the bottom of the front page special considerationsthe dodd frank wall street reform and consumer protection act of 2010 requires lenders to provide borrowers of all types of mortgages other than reverse mortgages and mortgage refinances with a closing disclosure form mortgage lending discrimination is illegal if you think you ve been discriminated against based on race religion sex marital status use of public assistance national origin disability or age there are steps you can take one such step is to file a report with the consumer financial protection bureau or with the u s department of housing and urban development hud borrowers must be provided with the disclosure three days before closing this five page form includes finalized figures for all closing fees and costs to the borrower as well as the loan terms the projected monthly mortgage payments and closing costs 3the three days are meant to allow the borrower to ask the lender questions and clear up any discrepancies or misunderstandings regarding costs before closing 