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02-12-2010, 01:07 AM
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when should my mortgage broker give me my HUD-1?
My mortgage broker is telling me he wont have my HUD-1 for my FHA loan until 24 hours or less before close. Is this accurate? He says the title company won't give him a final price until just before close.
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02-12-2010, 09:07 AM
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Yes, because the info on the HUd changes day to day, as well as closing costs. The attny will get the numbers to the Mortgage lender so they can process a day or 2 before (cutting it a little close). There is alot of timing involved in a closing -attnys, brokers and banks all have to cooperate. They can get an estimated HUD, however.
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02-12-2010, 12:47 PM
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Yes this is accurate. He is required by law to release a HUD statement out, 24hrs before closing.
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