Closing Day Guide

Everything you need to know about your closing day - what to expect, what to bring, and what happens next.

What is Closing?

Closing (also called "settlement") is the final step in your home purchase or refinance. This is when ownership officially transfers, you sign all final documents, and you receive the keys to your new home.

The closing typically takes 1-2 hours and involves signing numerous documents, paying closing costs, and finalizing your mortgage. While it may seem overwhelming, we'll guide you through every step.

What to Bring to Closing

Required Documents

Government-issued photo ID (driver's license or passport)
Cashier's check or wire confirmation for closing costs
Proof of homeowners insurance
Copy of purchase agreement

Optional But Helpful

Personal checkbook for any last-minute adjustments
Copy of home inspection report
List of questions for the title company
Pen (you'll be signing many documents!)

The Closing Process Step-by-Step

Review Closing Disclosure

You'll receive your Closing Disclosure at least 3 business days before closing. Review it carefully and compare it to your Loan Estimate. Contact us immediately if you notice any discrepancies or have questions.

Wire Closing Funds

Wire your closing costs and down payment to the title company 1-2 days before closing. Never accept wiring instructions via email without verifying by phone - wire fraud is common. Call the title company directly using a number you looked up yourself.

Final Walk-Through

Conduct a final walk-through of the property (usually the day before or morning of closing) to ensure the property is in the agreed-upon condition and any negotiated repairs have been completed.

Arrive at Closing

Arrive 10-15 minutes early to the title company or attorney's office. Bring all required documents and your ID. The closing agent will guide you through each document you need to sign.

Sign Documents

You'll sign numerous documents including the promissory note, deed of trust/mortgage, closing disclosure, and various disclosures. Key documents include:

• Promissory Note - Your promise to repay the loan
• Deed of Trust/Mortgage - Gives lender security interest in property
• Closing Disclosure - Final accounting of all costs
• Title Documents - Transfer of ownership

Receive Keys

Once all documents are signed and funds are disbursed, you'll receive the keys to your new home! The deed will be recorded with the county, officially making you the homeowner.

Closing Costs Breakdown

Typical closing costs range from 2-5% of the purchase price. Here's what they typically include:

Lender Fees:

• Origination fee (0.5-1% of loan amount)
• Underwriting fee ($300-$900)
• Processing fee ($300-$500)
• Credit report ($25-$50)
• Appraisal ($400-$600)

Third-Party Fees:

• Title search and insurance ($700-$1,500)
• Escrow/closing fee ($300-$500)
• Recording fees ($100-$250)
• Survey fee ($300-$500)
• Prepaid property taxes and insurance