Is Hud-1 the Same as Closing Disclosure

As of October 3, 2015, the Closing Disclosure form replaced the HUD-1 form for most real estate transactions. However, if you applied for a mortgage on or before October 3, 2015, you received a HUD-1. … Now, for most kinds of mortgage loans, borrowers receive a form called the Closing Disclosure instead of a HUD-1 form.

Is the HUD the closing disclosure?

If you applied for a mortgage on or before October 3, 2015, or if you are applying for a reverse mortgage, you receive a HUD-1. … If you applied for a mortgage after October 3, 2015, for most kinds of mortgage loans you receive a form called the Closing Disclosure instead of a HUD-1.

What is another name for closing disclosure?

Lenders must provide borrowers with a closing disclosure (also called a CD) at least three business days before closing—that day when all the remaining paperwork is signed and you get the keys to your new home.