Can My Settlement Charges Change?

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Yes, if circumstances change, such as:

• a natural disaster damages the property or affects closing costs
• the title insurer providing the estimate goes out of business during underwriting
• new information on you or the transaction affecting settlement is discovered.

If any of these events change 3rd-party charges beyond the 10% tolerance limit creditors may issue a revised Loan Estimate.

If a creditor issues a Loan Estimate they are presumed to have collected all 6 pieces of required information. They may not claim a change in circumstances by receiving one of these pieces of information AFTER issuing a Loan Estimate.