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• A document which tells borrowers the approximate costs they will pay at or before settlement, based on common practice in the locality. Under requirements of the Real Estate Settlement Procedures Act (RESPA), the mortgage banker or mortgage broker, if any, must deliver or mail the GFE to the applicant within three business days after the application is received.

  State of New Jersey, Department of Banking & Insurance - Cite This Source - This Definition
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  Cite Definition for Good Faith Estimate (GFE)

  American Psychological Association (APA)

  Good Faith Estimate (GFE). (n.d.). Glossary of Common Mortgage Terms. Retrieved February 8, 2023, from website: http://www.expertglossary.com/definition/good-faith-estimate-gfe.

  Chicago Manual of Style (CMS)

  Good Faith Estimate (GFE). www.newjersey.gov. Glossary of Common Mortgage Terms. State of New Jersey, Department of Banking & Insurance. http://www.expertglossary.com/definition/good-faith-estimate-gfe (accessed: February 8, 2023).

  Modern Language Association (MLA)

  "Good Faith Estimate (GFE)." Glossary of Common Mortgage Terms. State of New Jersey, Department of Banking & Insurance. 8 February. 2023 http://www.expertglossary.com/definition/good-faith-estimate-gfe.

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