Section B of the HUD-1 Real Estate Settlement Statement

Section B of the HUD-1 real estate settlement statement deals with the type of loan. Items in this section include:

The type of loan: Here we select the loan type, as to whether it is FHA, VA, conventional and whether it's insured or not. Note that the example HUD-1 we use from the government site does not show item 6, Seller Financing. This item is in the statement used by title companies in most cases.

The identifying numbers for the loan and transaction: The title company has a file number for the transaction, and the lender will have a loan number. If it is an insured loan, there will also be a case number.