Closing Process

Understanding the Closing Process

The day has come - you are closing on your new home. Congratulations!

Prior-to-Closing Conditions

Underwriters, often times, may require additional information prior to closing even though your lender pre-approved you. Below are common conditions an underwriter might request.

  • Updated Income/Asset Documentation
  • Credit Inquiries
  • Employment Verification
  • Funds for Closing
  • Title and Judgment Searches
  • Homeowners and Flood Insurance Coverage

At your closing, you will be provided with a full list broken down of all fees and costs. Bring proof of identification - either a driver's license, State ID card or passport. Also, if you are required to bring money to the table - either for closing costs or down payment - a certified check is required.

Familiarize yourself with these common terms for closing.

  • Docs Sent - generally means your approved and has been sent to the closing agent.
  • Docs Signed - It's all official. Everyone has signed on the dotted line all paperwork between the seller and buyer.
  • Funded - Funds have been transferred from the lender to the closing agent.
  • Recorded - The recording of the deeds transfers title and legal ownership to the new property buyer.
real estate
Reviews on Zillow
"Amazing knowledge and courtesy Familiar with the area and it assets Broad background in real estate dedicated community volunteer and ... more "
by diadre metzler
"Damion couldn't be more professional, enthusiastic or easier to work with. His excellent photography skills saved us time, and money, and we were very ... more "
by janeconlin4
The Damion Alexander Team


The Damion Alexander Team

Advertisements Free Home Evaluation Free Home Evaluation