What is Clear to Close?
Clear to close is a status indicating that a mortgage lender has completed all underwriting conditions and is ready to fund the loan, allowing closing to be scheduled.
Clear to close means the lender has finished underwriting and all conditions have been satisfied. At this point, the loan is approved for closing, and the closing agent can schedule the final signing. Borrowers should receive a closing disclosure at least three business days before closing. Watch for any last-minute changes to your financial situation, as they could delay or derail closing. Also, review the closing disclosure carefully to ensure figures match your loan estimate. Once clear to close, avoid opening new credit, changing jobs, or making large deposits without documentation. The next step is signing and funding.
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