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Is your down payment included on the Hud-1 Settlement Summary?

My closing date is this Friday and my loan officer (in my opinion) is pussyfooting around.  I am going crazy and just want to know what my bottom line will be that I will need to bring.

{{{{SCREAMING}}}}}......HELP ME PLEASE AND EASE MY MIND.
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December 31 2013 - Romeoville
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Yes.
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December 31 2013
It's not uncommon to not receive the bottom line at this point. Not to mention, many lenders have had shorter days over the holidays. Just as Dave mentioned, your lender could give you a guestimate as to the bottom line. It's not all about the lenders figures and docs being sent to the title company. The seller will have tax pro-rations, transfer tax credits, and those amounts come from the seller's attorney side of the transaction. All compiled by the title company who generates the HUD.

By the way, did you ever obtain the down payment assistance from IHDA?
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December 31 2013
The Holidays are not helping.  

The lender does not give you a HUD-1, the settlement attorney does.  With that said, you should have been given a Good Faith Estimate (GFE) from the lender when you applied for the mortgage.  It is required by federal law.  Yes, your deposit will show in the HUD-1.  

Also, you REALTOR (assuming you have a buyer's agent) should be able to give you an estimated amount you will need to bring to closing.

Sometimes the buyer does not have the exact amount until the day of closing.  While it is not the best way to do business, it is sometimes the way it is.

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December 31 2013
Line 603 I on the HUD is what the buyer will need to bring to closing - good funds would be a cashiers check .or wire the amount to title company

Good luck
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December 31 2013
in order to have precise accurate amount - the loan documents  need to be drawn . ,,,,sent from lender to escrow agent and then the escrow  agent ( aka  settlement firm )  will prepare the HUD ( settlement statement )   which will provide a  line 303  ( cash to close figure )

sounds like  the prepaeration of the documents  hasnt occured  yet?

Ask Loan officer  ( or  the propcessor  or the manager )  for  the latest  loan cost worksheet   for the time being and use the  ESTIMATE  for now  until the  HUD1 is  available
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December 31 2013
Check page #1 line #303 for your bottom line.
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December 31 2013
 
Related Questions
Is your down payment included on the Hud-1 Settlement Summary?
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Latest answer by Freeman "Mike" Hill
December 31 2013 | 6 answers
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