The Good Faith Estimate (GFE) is a disclosure provided to home buyers by their lender. The GFE is an estimate of the closing costs, settlement charges and loan fees due at the closing of a home loan. Lenders are required by law to provide a GFE within three days of loan application.

Lenders are required to estimate their own loan charges and also must include estimates from other parties like title insurance, homeowners insurance, escrow and transfer taxes. The estimate holds the lender accountable for changes in some of the fees, as certain types of loan fees cannot increase at closing and others can only increase by 10%. If the lender’s estimates are incorrect, they can be forced to pay the difference.

The HUD website has a sample GFE form that you can review.