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A good faith estimate (GFE) was an estimate of closing costs that a lender provided to a borrower shortly after a mortgage application, as required under the federal Real Estate Settlement Procedures Act.
In Idaho
The Good Faith Estimate is now largely a historical term. For most mortgages it was replaced in 2015 by the Loan Estimate under the federal TRID rule (Consumer Financial Protection Bureau).
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Reviewed by Kootenai Title & Bonner Title Editorial Team · Last updated June 19, 2026
This definition is educational and not legal advice. See our Editorial Policy.