If a family has. to spend more than 30% of their. income on rent, they are considered. ârent burdened.â. This document is for informational purposes only. This is not an application for affordable housing. you will receive an affordable unit. get more information or to apply online.  you will receive an affordable unit.
The Closing Disclosure will combine the disclosures currently provided in the HUD-1 settlement statement and any revised Truth in Lending statement. It is now a 5 page document compared to the current 3 page document. Critically, the Closing Disclosure must be provided at least 3 business days before the closing.
All money deposited into the escrow account and the disbursals out of the escrow account must appear on the form. The Settlement Statement will show a detailed itemization of all the costs pertaining to the real estate sale or mortgage loan transaction.In some areas, the settlement statement may be called the Closing Statement, the Settlement Statement, or the HUD-1 Settlement Statement or simply the HUD-1.ine 501 - Excess Deposits, which would include any earnest money received from buyer directly paid to seller. Line 502 - Reflects the settlement charges paid by the Seller, which are itemized on Page 2 of the Settlement Statement and carried over from Line 1400.