Home Loans Austin

clear to close meaning

Clear to close means you are completely good to go and you will close . The time when the underwriter has finished everything he needs to do is conditional or full approval

The clear to close on FHA Loans is the finish line where all borrowers, loan officers, realtors, and everyone in the mortgage process want to get to. Clear To Close On FHA Loans means the borrower is fully approved and the lender is ready to preparing closing documents and wire funds.

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Clear to Close. Here is when you’re really, really approved. Almost. Similar to a prior to fund condition, a clear to close means there is nothing left that needs to be completed other than signing the closing papers. Everything has been cleared.

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Clear to Close: All of the conditions applied in the loan commitment and other relevant documents have been met and the lender has fully approved your loan.

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Clear to Close to me usually means the bank has given the attorney’s the go ahead to schedule the closing which usually happens with in a week or so depending on how tight everyones schedule is. Sometimes it will happen sooner especially if buyers lock in is about to expire or if there is a time is of the essence clause.

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