The First American Blog

Understanding the Good Faith Estimate (GFE) [Infographic]

Posted by FirstAm Editor

Understanding GFE top imageNOTE: This post was written before the CFPB's Integrated Mortgage Disclousre changes with TRID. The GFE is no longer used in mortgage transactions. Visit for information about the new dsiclosures. 


With temperatures warming up around the country and school officially out of session, the summer home-buying season is in full swing. If you’re shopping for a home this summer, congratulations! Buying a home is an exciting event – but may be complicated for first-time buyers. Becoming familiar with the various forms and disclosures associated with your transaction may help you understand the process a little better.

When you apply for a mortgage, your lender will give you a Good Faith Estimate – also called a GFE – to help you understand the terms and details of your loan. Though this form will be changing in 2015, current buyers will still receive the GFE as described below. Take a few minutes to become familiar with GFE before you start the process. And happy house hunting! 


Learn More About Buying A Home


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Tags: Homebuyer and Seller Education