Good Faith Estimate Form – Fill Out and Use

Name of Originator

Originator

Address

Originator Phone Number

Originator Email

Borrower

Property

Address

Date of GFE

Purpose

Shopping for your loan

Important dates

This GFE gives you an estimate of your settlement charges and loan terms if you are approved for this loan. For more information, see HUD’s Special Information Booklet on settlement charges, your Truth-in-Lending Disclosures, and other consumer information at www.hud.gov/respa. If you decide you would like to proceed with this loan, contact us.

Only you can shop for the best loan for you. Compare this GFE with other loan offers, so you can find the best loan. Use the shopping chart on page 3 to compare all the offers you receive.

1.The interest rate for this GFE is available through . After this time, the interest rate, some of your loan Origination Charges, and the monthly payment shown below can change until you lock your interest rate.

2.This estimate for all other settlement charges is available through .

3.After you lock your interest rate, you must go to settlement within days (your rate lock period) to receive the locked interest rate.

4.You must lock the interest rate at least days before settlement.

Summary of your loan

Your initial loan amount is

Your loan term is

Your initial interest rate is

Your initial monthly amount owed for principal, interest, and any mortgage insurance is

Can your interest rate rise?

Even if you make payments on time, can your loan balance rise?

Even if you make payments on time, can your monthly amount owed for principal, interest, and any mortgage insurance rise?

Does your loan have a prepayment penalty?

Does your loan have a balloon payment?

$

years

%

Escrow account information

Summary of your settlement charges

Some lenders require an escrow account to hold funds for paying property taxes or other property-

related charges in addition to your monthly amount owed of $ . Do we require you to have an escrow account for your loan?

c No, you do not have an escrow account. You must pay these charges directly when due. c Yes, you have an escrow account. It may or may not cover all of these charges. Ask us.

Understanding your estimated settlement charges

Some of these charges can change at settlement. See the top of page 3 for more information.

Your Adjusted Origination Charges

1.Our origination charge

This charge is for getting this loan for you.

2.Your credit or charge (points) for the specific interest rate chosen

c The credit or charge for the interest rate of % is included in “Our origination charge.” (See item 1 above.)

c You receive a credit of $ for this interest rate of %. This credit reduces your settlement charges.

c You pay a charge of $ for this interest rate of %. This charge (points) increases your total settlement charges.

The tradeoff table on page 3 shows that you can change your total settlement charges by choosing a different interest rate for this loan.

Your Charges for All Other Settlement Services

3.Required services that we select

These charges are for services we require to complete your settlement. We will choose the providers of these services.

4.Title services and lender’s title insurance

This charge includes the services of a title or settlement agent, for example, and title insurance to protect the lender, if required.

5.Owner’s title insurance

You may purchase an owner’s title insurance policy to protect your interest in the property.

6.Required services that you can shop for

These charges are for other services that are required to complete your settlement. We can identify providers of these services or you can shop for them yourself. Our estimates for providing these services are below.

7.Government recording charges

These charges are for state and local fees to record your loan and title documents.

8.Transfer taxes

These charges are for state and local fees on mortgages and home sales.

9.Initial deposit for your escrow account

This charge is held in an escrow account to pay future recurring charges

on your property and includes c all property taxes, c all insurance,

and c other .

10.Daily interest charges

This charge is for the daily interest on your loan from the day of your settlement until the first day of the next month or the first day of your

normal mortgage payment cycle. This amount is $ per day

for days (if your settlement is ).

11.Homeowner’s insurance

This charge is for the insurance you must buy for the property to protect from a loss, such as fire.

Understanding which charges can change at

This GFE estimates your settlement charges. At your settlement, you will receive a HUD-1, a form that lists your actual costs. Compare the charges on the HUD-1 with the charges on this GFE. Charges can change if you select your own provider and do not use the companies we identify. (See below for details.)

settlement

These charges

cannot increase

at settlement:

gOur origination charge

gYour credit or charge (points) for the specific interest rate chosen (after you lock in your interest rate)

gYour adjusted origination charges (after you lock in your interest rate)

gTransfer taxes

The total of these charges

can increase up to 10%

at settlement:

gRequired services that we select

gTitle services and lender’s title insurance (if we select them or you use companies we identify)

gOwner’s title insurance (if you use companies we identify)

gRequired services that you can shop for (if you use companies we identify)

gGovernment recording charges

These charges

can change

at settlement:

gRequired services that you can shop for (if you do not use companies we identify)

gTitle services and lender’s title insurance (if you do not use companies we identify)

gOwner’s title insurance (if you do not use companies we identify)

gInitial deposit for your escrow account

gDaily interest charges

gHomeowner’s insurance

Using the tradeoff table

In this GFE, we offered you this loan with a particular interest rate and estimated settlement charges. However:

gIf you want to choose this same loan with lower settlement charges, then you will have a higher interest rate.

gIf you want to choose this same loan with a lower interest rate, then you will have higher settlement charges.

If you would like to choose an available option, you must ask us for a new GFE.

Loan originators have the option to complete this table. Please ask for additional information if the table is not completed.

Using the shopping chart

Use this chart to compare GFEs from different loan originators. Fill in the information by using a different column for each GFE you receive. By comparing loan offers, you can shop for the best loan.

Loan originator name

Initial loan amount

Loan term

Initial interest rate

Initial monthly amount owed

Rate lock period

Can interest rate rise?

Can loan balance rise?

Can monthly amount owed rise?

Prepayment penalty?

Balloon payment?

Total Estimated Settlement Charges

If your loan is sold in the future

Some lenders may sell your loan after settlement. Any fees lenders receive in the future cannot change the loan you receive or the charges you paid at settlement.