Congratulations, your loan is now clear to close! This an incredible accomplishment and a major milestone in the process and marks the culmination of all your hard work and preparation. The underwriter has reviewed everything we’ve submitted and has determined that you’re ready to move forward to the closing table.

While there are still a few things that need to be taken care of on our end, and some documents you’ll need to sign in preparation for closing, the important thing is that the file is now clear to close. The next steps involve receiving a preliminary closing disclosure (CD) about three days before your closing (possibly sooner). This document will outline your estimated costs and how much money you’ll need to bring to closing. Please keep in mind that these numbers are not final—after your attorney and/or title company review everything, you’ll receive a final closing disclosure with updated numbers.

In the meantime, your attorney or title company should schedule a call with you to go over the numbers. When it’s time for closing, all borrowers and/or title holders will need to be present and bring a valid, unexpired photo ID. Be sure to sign all documents as they appear on your ID. It’s also recommended to bring a cashier’s check for the total cash to close, but again, your attorney or title company will confirm the exact amount you need to bring.

Once everyone has signed their portion of the documents, the title company will send them back to the lender for final approval. After we give our authorization, the title company will exchange the funds and keys, and you’ll be all set!