Effective 7/21/2025, all DSCR Transactions will disclose with a new
Pre-Application Closing Costs Estimate instead of a Good Faith Estimate (GFE) and a Closing Disclosure instead of a HUD-1.
The CD request process has been eliminated for DSCR loans with this enhancement.
DSCR loans will automatically have the Closing Disclosure completed by Arc.
- No CD Request Process Needed effective 7/18/2025.
- TRID Rules do not apply
- Pre-Application Closing Costs Estimate will be in Initial Disclosures
- CD will be completed by ARC prior to closing & sent to title for balancing
- Borrower will no longer receive CD prior to closing
- CD is signed at Closing instead of a HUD-1
Pre-Application Closing Costs Estimate Example
