For Good Faith Estimate we have terms and definitions in 4 topics. The topics are Foreclosure, Housing, Mortgage and Real Estate.

Good Faith Estimate (Foreclosure)

Institutional lender estimates the costs a borrower will incur, including inspection fees and loan-processing charges.

Good Faith Estimate (Housing)

An estimate of all closing fees including pre-paid and escrow items as well as lender charges; must be given to the borrower within three days after submission of a loan application.

Good Faith Estimate (Mortgage)

The form that lists the settlement charges the borrower must pay at closing, which the lender is obliged to provide the borrower within three business days of receiving the loan application. See Why Do Lenders Itemize Loan Charges? and How to Shop Settlement Costs.

Good Faith Estimate (Real Estate)

A document prepared by the lender showing borrowers the estimated cost they will incur that will be payable at closing.

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