What required mortgage closing services can I shop for?

See an interactive sample Loan Estimate form.

The lender must provide you with a written list of closing service providers when they give you the Loan Estimate. Closing services may also be known as “settlement services.” You may be able to use a service provider that is not on this list, as long as the lender agrees to work with that service provider.

Note: You will not receive a Loan Estimate or Closing Disclosure if you are shopping for:

• A reverse mortgage
• A home equity line of credit (HELOC)
• A manufactured housing or mobile home loan not secured by real estate
• A subordinate loan through certain types of homebuyer assistance programs

For these kinds of loans, you should receive Truth-in-Lending disclosures. If you are shopping for a reverse mortgage, you will also receive a Good Faith Estimate (GFE) and a HUD-1 or HUD-1A Settlement Statement. On the GFE, services you can shop for (often, termite inspectors, etc.) are listed in Block 6 on page 2. In addition, you can also usually choose your own settlement agent and title services and insurance providers (Blocks 4 and 5. and homeowner’s insurance agent (Block 11)

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