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Form HUD-1, Settlement Statement, is a complex document developed for the purpose of listing all charges connected with a home purchase transaction. 1. 2, OMB Approval No. 2502-0265. 3, A. Settlement Statement (HUD-1). 4. 5. 6, B. Type of Loan. 7, FHA 2. RHS 3. 8, 1. Conv. Unins. 6. File Number: 7. Lines and columns in section J which relate to the Borrower's transaction may be left blank on the copy of the HUD-1 which will be furnished to the Seller. A HUD 1 form is used by the Department of Housing and Urban Development. This form is known as a Settlement Statement or Closing Sheet. It will be used when a The HUD-1 Settlement Statement is a standard government real estate form that was once used by settlement agents, also called "closing agents," to itemize form HUD-1 (3/86) ref Handbook 4305.2. Page 1 of 2. U.S. Department of Housing and Urban Development. (expires 9/30/2006). A. Settlement Statement. Mortgage Insurance Case Number: C. Note: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agentA. Settlement Statement (HUD-1). HUD-1. Page 1 of 3. Previous edition are obsolete. B. Type of Loan. J. Summary of Borrower's Transaction. Number, Name /Version Date. HUD-1, Settlement Statement -- Instructions. HUD-1A, Settlement Statement - Optional Form for Transactions without Sellers.