There are several documents that may be requested before and during your closing process, most pertaining to the property and your finances. You can review our Application Checklist for a full list of common documents requested; however, please note that you may be asked for additional documentation outside of the checklist or more current copies of what you have already provided throughout the closing period.

For an in-depth look at the full loan process, click here.

Specificially at closing, the sale of the property is officially the completed and the rights to the title are transferred to the buyer and the funds to the seller. If the home is being financed, the loan servicer will hold the title until the loan is paid off in full.

Typically, the buyer and the seller will meet with the mortgage lender, their realtor, and a title company (or attorney) separately from one another to complete a bit of paperwork. The paperwork seals the transfer and completes the sale. An escrow account may be established for the transfer of funds for the sale, closing costs, and/or for future fees like property taxes or homeowner’s insurance costs. This process can last from an hour to several hours depending on the type of sale, loan, and other aspects involved in the purchase.