Quick Fix Summary
A HUD-1 and a Closing Disclosure aren’t the same. Closed before October 3, 2015? You got a HUD-1. After that date? You get a 5-page Closing Disclosure (CD). Reverse mortgages still use a HUD-1 in 2026.
No — they are not the same.
They are different documents with different purposes.
They are different documents with different purposes.
Until October 2, 2015, the HUD-1 Settlement Statement was the standard form showing every fee and credit for both buyer and seller Consumer Financial Protection Bureau. Since October 3, 2015, most purchase and refinance loans under the TILA-RESPA Integrated Disclosure (TRID) rule use the Closing Disclosure (CD) instead CFPB TRID Rule. By 2026, the only time you’ll still see a HUD-1 is for certain reverse mortgages or legacy transactions submitted before October 3, 2015 but closed later.
No — they serve different purposes and look different.
No — they serve different purposes and look different.
The HUD-1 Settlement Statement showed every charge and credit for both buyer and seller until October 2, 2015 Consumer Financial Protection Bureau. The Closing Disclosure (CD), introduced on October 3, 2015, focuses on loan terms and closing costs for the borrower only and is 5 pages long CFPB TRID Rule. The CD also breaks out the “Cash-to-close” amount on page 3, which the HUD-1 doesn’t.
Look at the header and date on page 1.
Look at the header and date on page 1.
- Check the header
- HUD-1 or HUD-1A: Look for “HUD-1” or “HUD-1A” at the top of the form
- Closing Disclosure (CD): Look for “Closing Disclosure” and your lender’s name at the top
- Flip to page 1 and check the date
- September 30, 2015 or earlier: That’s a HUD-1
- October 3, 2015 or later: That’s a Closing Disclosure
(If you spot a HUD-1 in 2026, it’s almost certainly for a reverse mortgage or an old refinance.)
- Compare the details
Topic HUD-1 Closing Disclosure Purpose Shows every charge and credit for both buyer and seller Focuses on loan terms and closing costs for the borrower only Pages 2 or 3 pages (HUD-1 or HUD-1A) 5 pages APR details Yes, but arranged differently than on the CD Yes, clearly shown in its own table Cash-to-close Not shown separately Broken out on page 3 - Reverse mortgages are different
Even in 2026, reverse mortgages still use a HUD-1 or HUD-1A. Look for “HUD-1 Settlement Statement” and “Reverse Mortgage” in the header.
If your closing date is after October 2, 2015, you should have a Closing Disclosure, not a HUD-1.
If your closing date is after October 2, 2015, you should have a Closing Disclosure, not a HUD-1.
- You think you should have a CD but got a HUD-1
Double-check the closing date. If it’s after October 2, 2015, the lender or title company made a mistake. Ask them to fix it and issue a corrected Closing Disclosure under TRID rules CFPB Closing Disclosure.
- Can’t tell what you’re holding?
Check the top-right corner of page 1. A HUD-1 says “HUD-1 Settlement Statement.” A CD shows “Closing Disclosure” and the CFPB logo in that same spot.
- Refinancing an old loan?
Even if your original loan closed before 2015, your refinance will get a new Closing Disclosure, not a HUD-1. Your old HUD-1 just sits in your file for reference.
Save a searchable PDF immediately and bookmark the CFPB’s interactive sample.
Save a searchable PDF immediately and bookmark the CFPB’s interactive sample.
- Save a searchable PDF right away
When either form arrives, immediately save it as a searchable PDF with a clear name like “2025-06-15_HUD1_123MainSt.pdf” or “2026-03-20_CD_456OakAve.pdf.” That way, your records stay tidy and you can spot any changes fast.
- Use the CFPB’s interactive sample
The Consumer Financial Protection Bureau has a live sample on its site that walks you through every line of the Closing Disclosure. Bookmark it: www.consumerfinance.gov/owning-a-home/closing-disclosure
- Mention reverse mortgages upfront
If you’re closing a reverse mortgage in 2026, tell the settlement agent right away. They’ll prepare a HUD-1 instead of a CD, so you won’t scramble at the last minute.
No — they are different documents. Closed before October 3, 2015? HUD-1. After that? Closing Disclosure. Reverse mortgages still use a HUD-1 in 2026.
What is the difference between a HUD and a settlement statement?
The Closing Disclosure form is the settlement statement that replaced the HUD-1, and it’s designed strictly for the buyer only. It contains information specific to their loan amount, closing costs, loan terms, and other personal details.
What is a HUD-1 closing disclosure?
The HUD-1 Settlement Statement is a document that lists all charges and credits to the buyer and to the seller in a real estate settlement , or all the charges in a mortgage refinance.
What is a closing statement called?
A closing statement, also called a HUD-1 statement or settlement sheet , is a form used in real estate transactions with an itemized list of all the costs to the buyer and seller.
Is closing disclosure same as closing statement?
A closing statement or credit agreement is provided with any type of loan, often with the application itself. A seller’s Closing Disclosure is prepared by a settlement agent and lists all commissions and costs in addition to the net total to be paid to the seller.
What type of loan will use a HUD-1 in place of closing disclosure?
A HUD-1 form is most commonly used for reverse mortgages and mortgage refinance transactions . As of October 3, 2015, the Closing Disclosure form replaced the HUD-1 form for most real estate transactions.
Can loan be denied after closing disclosure?
Can a loan be denied after you’re clear to close? Usually a loan won’t be denied after you’re clear to close . However, if you have major changes to your credit report—like a new car loan or credit card—you can throw off your entire loan.
Can you waive the 3 day closing disclosure?
Can you waive the three-day waiting period after you receive the Closing Disclosure for a mortgage? You can request to waive it in the case of a personal financial emergency , but you must meet specific requirements for the lender to grant it.
What happens after I get my closing disclosure?
What happens after you receive your closing disclosure? Three business days later, you’ll need to bring a cashier’s check or wire transfer to the settlement company for your down payment and closing costs.
Is closing Disclosure final approval?
The Final Closing Disclosure (CD) provides the exact final costs . The title company sends us the Final CD a day or two before closing, then emails it to you and calls to review it in detail.
What triggers a revised closing disclosure?
Three changes can trigger a revised Closing Disclosure and a new three-day waiting period: A change in your loan’s annual percentage rate , switching your loan product (for example, from fixed to adjustable-rate), or other major adjustments.
When should I get closing disclosure?
By law, you must receive your Closing Disclosure at least three business days before closing . Read it carefully—it tells you exactly how much you’ll pay for your loan. Our interactive sample Closing Disclosure helps you double-check the details and get definitions for any terms you don’t recognize.
What is the HUD statement called now?
As of October 3, 2015, the Closing Disclosure form replaced the HUD-1 for most real estate transactions.
What is the difference between a HUD-1 and HUD-1A?
The HUD-1 form is used in purchase transactions and includes lines for both borrower and seller charges. The HUD-1A is an option for refinance transactions that don’t involve a seller. Honestly, this is the cleanest way to tell them apart: the HUD-1 is three pages, while the HUD-1A is only two.
How do I read a HUD-1 settlement statement?
Start with the first page of the HUD-1 statement. Review the basic details in Part B , such as your name, the seller’s name, and the property address. Then check sections J and K for a summary of the total amounts owed from or due to the borrower or seller.
