Closing on Your New Home

Scheduling

Your attorney will schedule the closing once you have received the clear-to-close from your lender.

Closings are scheduled Monday through Friday during business hours. Closings are scheduled based on title company availability, but they will do their best to accommodate you! During busy times, these slots can fill up quickly.

Closing will typically take place at the title company location closest to the property you are purchasing.

Obtaining Final Figures

Your lender will provide you with your final figures, the amount of money that you will bring to closing. This will include all of your closing costs, including the loan origination and escrow charges.  Your lender will provide you with your Closing Disclosure or “CD” that outlines your figures 3 business days prior to closing.  It is suggested that you cushion the amount provided by your lender with an extra $500-$1,000.  Any overage will be returned to you at the end of closing. 

If you are purchasing in cash, your attorney will provide you with figures 1-2 business days prior to closing.

Making Payment

If the amount required for closing is $50,000 or more, you must send a wire to the title company.  If the amount required for closing is less than $50,000, you may obtain a cashier’s check made payable to the title company.

Important: In order to avoid wire fraud, please call the title company to obtain & verify the wire instructions prior to sending any funds.

What to Bring

On the day of closing, be sure to bring the following to the title company:

• Driver’s license

• Proof of your homeowner’s insurance

• A certified check, if amount required is less than $50,000

• Checkbook — just in case!

Closing Table

At the closing table, your attorney will guide you through the paperwork via phone call or Zoom. You’ll sign your name many, many times! At the end, you’ll be handed the keys by the title company. You’re a homeowner!

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