Form HUD-698, Statement of Account, is a statement issued by the U.S. Department of Housing and Urban Development (HUD), Office of Finance and Accounting, that reports the status of a mortgage account held by the Secretary. It carries general account information, the amounts needed to bring the account current when another mortgage is to be assumed, and the payoff figures. On this page you can fill out the form online on FillingPDF and download or print the completed PDF; the original PDF is published by HUD at hud.gov.
Last updated
What is HUD-698?
Form HUD-698, Statement of Account, is the U.S. Department of Housing and Urban Development (HUD) form that shows the unpaid principal balance, the amount needed to bring the account current and the total payoff amount for a mortgage account held by the Secretary.
The form is issued by the HUD Office of Finance and Accounting and is addressed "To" a HUD Field Office. Its top block identifies the account: FHA case number, account number, mortgagor/owner and co-mortgagor with Social Security numbers, the original mortgagor if different, and the property address.
The body has three parts. Part 1, General Account Information, lists the original mortgage amount, unpaid principal balance, escrow balance, interest rate, term, type of mortgage, last payment applied and a table of tax items. Part 2, Assumption Information / Bring Current Information, covers a mortgage that is to be assumed and the current monthly payment. Part 3, Payoff Information, itemizes what is owed to pay the account off, with per diem service charge and interest.
A section for mortgages receiving subsidy, a certification signed by HUD and an Affidavit as to Status of Account sworn before a notary complete the form. The printed revision is HUD-698 (1/89).
Who needs to file HUD-698?
The form is prepared and certified by HUD: it carries "Prepared by" and "Certified by" blocks for HUD staff, and the certification states that the figures are a true and correct statement of the unpaid balance due on the Note and Mortgage (or Deed of Trust) held by the Secretary of HUD.
It is relevant to the people and offices connected with that account:
- Mortgagor/Owner and Co-Mortgagor, whose names and Social Security numbers are entered in boxes 3 through 6.
- A buyer taking over the mortgage, because Part 2 applies when another mortgage is to be assumed and lists what must be provided.
- Anyone who needs payoff figures, which Part 3 itemizes as of a stated date.
- The HUD Field Office named in the "To" box, and the officials who prepare, certify and swear to the statement.
The form does not say who may request it or who may sign for a mortgagor. Mortgages under section 235 and mortgages receiving subsidy have additional entries: the form refers to the back of the page for the first and has a separate subsidy block for the second.
When to file HUD-698
The form prints no filing deadline. It is completed when a statement of the account is needed, for example to show the amounts to bring the account current for an assumption, or the payoff amount, and it is tied to the dates entered on it.
The figures are stated "as of" a date: the Total to Bring Current, the Total Payoff Amount and the account status in the affidavit each carry their own date, and the affidavit also records the date on which the statement was prepared from HUD's books and records. The form warns that the information may change because of uncollectibles from a previous owner, foreclosures or other costs incurred but not yet posted to the account, so check the as-of dates before relying on any amount.
Documents you need
- Certified funds to bring the account current, only when another mortgage is to be assumed (Part 2, item 1).
- A copy of the conveyance document, only when another mortgage is to be assumed (Part 2, item 2).
- A letter from the seller authorizing transfer of escrow funds to the buyer, only when another mortgage is to be assumed; the form says no escrow funds will be refunded (Part 2, item 3).
- Verification of hazard insurance coverage, only when another mortgage is to be assumed (Part 2, item 4).
How to fill out HUD-698
Enter the recipient and account numbers
In the "To" box, enter the HUD Field Office the statement is addressed to. Enter the FHA Case Number in box 1 and the Account Number in box 2.
Identify the mortgagor and co-mortgagor
Enter the Mortgagor/Owner and Social Security Number in boxes 3 and 4, and the Co-Mortgagor and Social Security Number in boxes 5 and 6.
Add original mortgagor and property address
In box 7, enter the name of the original mortgagor only if it is different from the names above. In box 8, enter the property address.
Complete Part 1 account information
Enter the original mortgage amount, unpaid principal balance, escrow balance, interest rate, term, type of mortgage, the date of the last payment applied and the date of the oldest unpaid interest installment.
Fill in the tax table
For each tax item, enter the type of tax, year, amount, date sent to RAD and date deducted from the account.
Complete Part 2 bring-current amounts
If another mortgage is to be assumed, enter principal, interest, tax escrow required, service charge, late charge, tax advance, other (specify) and interest on advances. Enter the Total to Bring Current and its "as of" date.
Enter the current monthly payment
Under Current Monthly Payment, enter principal and interest, tax escrow and service charge, then the Total Monthly Payment.
Complete Part 3 payoff information
Enter the principal balance, interest due, service charge, late charge, returned check charge, advance amount, tax escrow applied, other (specify), interest on advances and taxes paid but not posted. Enter the Total Payoff Amount with its "as of" date, then the per diem service charge and per diem interest.
Complete the subsidy block if it applies
If the mortgage is receiving subsidy, enter the anniversary date, date of last recertification, monthly subsidy, mortgagor's payment and full mortgage payment. The form refers to the back of the page if the mortgage is 235.
Complete the prepared and certified lines
Enter the name, title and date for "Prepared by" and for "Certified by". The certification states the statement is a true and correct statement of the unpaid balance due.
Complete the Affidavit as to Status
Enter the state, county, month and year, the attesting officer, the officer's title, the date the statement was prepared from HUD's books and records and the "as of" date. It is then sworn and subscribed before a notary public.
Review and download the completed PDF
Check that every amount, "as of" date and signature line is complete, then download or print the completed PDF from FillingPDF.
How to submit HUD-698
The form prints no mailing address, portal or delivery method. It is addressed "To" a HUD Field Office, and the Office of Finance and Accounting is named in its heading, so confirm with that HUD Field Office how it wants the statement delivered or returned.
If the statement is used for an assumption, Part 2 lists what accompanies it. Provide certified funds to bring the account current, a copy of the conveyance document, a letter from the seller authorizing transfer of escrow funds to the buyer, and verification of hazard insurance coverage.
The form contains sensitive information, including Social Security numbers, that the Privacy Act protects, so handle and send completed copies with care. The completed form needs the "Prepared by" and "Certified by" entries, and the Affidavit as to Status of Account is sworn and subscribed before a notary public. FillingPDF lets you fill out and download the PDF; submission follows the channels the HUD Field Office gives you.
Common mistakes to avoid
- Treating the amounts as fixed: the form warns that they may change because of uncollectibles from a previous owner, foreclosures or other costs not yet posted.
- Leaving the "as of" dates blank on the Total to Bring Current, the Total Payoff Amount or the affidavit, so the date of each figure is unclear.
- Expecting escrow funds to be refunded on an assumption; Part 2 says no escrow funds will be refunded and requires the seller's letter authorizing transfer to the buyer.
- Skipping the back of the page or the subsidy block when the mortgage is a 235 mortgage or is receiving subsidy.
- Leaving the "Prepared by" or "Certified by" lines without name, title and date.
- Leaving the Affidavit as to Status of Account without the state, county, date, attesting officer and notary, which the form requires to be sworn and subscribed.
- Entering the original mortgagor's name in box 7 when it is the same as the mortgagor in box 3; box 7 is only for a different name.
- Entering false information; the form warns that HUD will prosecute false claims and statements.
Frequently asked questions
What is Form HUD-698, Statement of Account?
Form HUD-698, Statement of Account, is a HUD form from the Office of Finance and Accounting that states a mortgage account's unpaid balance, the amounts needed to bring it current when a mortgage is to be assumed, and the total payoff amount, with a certification and an affidavit.
Who signs and certifies the statement of account?
HUD officials do. The form has "Prepared by" and "Certified by" blocks, each with title and date, and an Affidavit as to Status of Account in which an attesting HUD officer swears to the statement before a notary public.
What do I need to provide to assume a mortgage?
Part 2 lists four items when another mortgage is to be assumed: certified funds to bring the account current, a copy of the conveyance document, a letter from the seller authorizing transfer of escrow funds to the buyer, and verification of hazard insurance coverage.
Will escrow funds be refunded on an assumption?
No. Part 2 states that no escrow funds will be refunded. The seller instead provides a letter authorizing transfer of the escrow funds to the buyer.
Are the amounts on the statement final?
Not necessarily. The form says the information may change because of uncollectibles from a previous owner, foreclosures or other costs incurred but not yet posted to the account. Each total is stated as of a date, so use the date shown.
Can I fill out Form HUD-698 online?
You can fill out the PDF online on FillingPDF and download or print it. FillingPDF is an independent service and does not file or deliver the form to HUD; delivery follows the instructions of the HUD Field Office.
What if the mortgage is a 235 mortgage or receives subsidy?
The form says to see the back of the page if the mortgage is 235. A separate block for mortgages receiving subsidy asks for the anniversary date, date of last recertification, monthly subsidy, mortgagor's payment and full mortgage payment.
Does Form HUD-698 ask for Social Security numbers?
Yes. Boxes 4 and 6 ask for the Social Security numbers of the mortgagor/owner and the co-mortgagor. The form says this information is sensitive and protected by the Privacy Act, so handle completed copies carefully.
Ready to fill out HUD-698?
Fill out HUD-698 now