A good faith estimate (GFE) is a document that includes a full breakdown of all fees and costs that you are responsible for by the lender at the time of closing on a home. The fees and costs are usually as follows:
- Loan fees
- Application fees
- Appraisal fees
- Attorney fees
- Credit report fees
- Reserves or escrow paid to third parties
- Title and title search charges
- Government charges
- Flood certification
- Additional charges
After October 2015, the GFE was replaced with Loan Estimate and Closing Disclosure Form.