Where is Mortgage Insurance, VA Funding Fee and USDA Fee shown on the HUD-1?
As provided in the RESPA FAQs for GFE Block 3, the VA Funding Fee (and other fees specific to government loan programs) and any up-front mortgage insurance premiums should be displayed in Block 3 of the GFE. Although we previously placed the VA Funding Fee and Rural Housing Guaranty Fee in the first available line in the 800 series, we modified the HUD-1 programming to include these fees in Line 902 instead as they are a type of upfront mortgage insurance premium for VA and USDA loans. Upon further reflection and consultation with a RESPA expert, we have decided that the more appropriate place to reflect the VA Funding Fee and Rural Housing Guaranty Fee is Line 902. (Note that Line 902 of the HUD-1 references Block 3.) Furthermore, we believe that this change complies with the HUD-1 instructions for Line 902, which provide: “Lines 901-904. This series is used to record the items which the Lender requires to be paid at the time of settlement, but which are not necessarily paid to the le
