What is another name for HUD-1?

The HUD-1 form, commonly associated with real estate transactions in the United States, is also referred to as a settlement statement. This document details all the costs associated with the closing of a real estate transaction, including the amounts borrowed, closing costs, and credits. The term "settlement statement" is used to encompass the summary of all financial transactions that occur at closing, making it clear and transparent for all parties involved.

Other options like the good faith estimate and loan estimate serve different purposes in the mortgage process. A good faith estimate provides an estimate of closing costs primarily before the loan is finalized, whereas the loan estimate is a more recent document that includes various loan terms and projected payments. The disclosure statement is a general term that can refer to a variety of documents meant to inform parties about specific aspects of a transaction, but it does not specifically refer to the HUD-1 form.