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what is a hud 802 loan aplication fee?
Written By: admin on June 29, 2009
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HUD stands for housing & urban development and they govern the settlement statement form that is produced by the title/escrow agent closing your loan. Each line is numbered and line 802 has to do with any fees you paid the broker or firm that originated the loan. Line 802 might say loan application fee or discount fee and it's basically charged by your broker or loan officer. There are 20 different lines for various broker fees and they are very interchangeable. ex: you may have an application fee, administration fee and/or processing fee. AKA junk fees (they all add up!)