Clear to Close: What to expect?

• Review the Closing Disclosure (CD): You’ll receive a Closing Disclosure at least three business days before closing. This form outlines the final loan terms, closing costs, and total cash needed at closing. Review every detail carefully and compare it to your Loan Estimate to ensure everything is correct. 
• Purchase Homeowner’s Insurance: You’ll need to secure homeowners insurance. Proof of payment will be provided at closing, ensuring your property is protected from potential hazards. 
• Get a Final Inspections (Purchase Loans): Schedule a final inspection to confirm the property’s condition. Verify that any requested repairs are completed, major systems and appliances function properly, and all items included in the sale remain. 
• Complete and Review Required Documents: If additional documents have been requested to verify your income, employment, or outstanding debts, be sure to complete and submit them promptly to prevent potential delays in closing.

• Review & Sign Documents: You’ll review and sign loan documents, the promissory note, deed of trust or mortgage, and other legal disclosures. 
• Pay Cash to Close: You’ll pay the cash to close including down payment (for purchase loans), closing costs, and other required fees at closing using a cashier’s check or wire transfer. The total amount due should be included in your Closing Disclosure. 
• Get Funded: After all documents have been signed. Our team will review the final signed documents before giving out approval to release the funds.
  - For Purchase Loans: Funds are disbursed the same day, and ownership transfers to you.
  - For Refinance Loans: A three-business-day right of rescission period applies before funding. 
• Receive the Keys / Confirmation: Once all the paperwork is signed and the fees are paid. You will then receive the keys to your new home or receive confirmation for your refinance loan. 

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