The final step in your home buying journey is the title company closing—an exciting and important milestone that marks the official transfer of ownership from seller to buyer. And yes, this is finally a moment of celebration, but before that, you need proper preparation. The last thing you need is to delay or even cancel the closing process because of missing documents or incomplete information.
To ensure nothing gets in the way, we have a guide to walk you through the title company closing – everything you need to bring to the table, what to expect during the process, and how a title company can help you at this stage of your home purchase.
Identification & Verification
Primary Photo ID (Required)
Any home buyer must bring a valid, government-issued photo ID. The title company needs to verify your identity to prevent fraud.
You can carry any of the following forms of identification:
- A driver’s license
- A state-issued identification card
- A valid passport
- A military ID
Make sure your ID is not expired and the name matches what is in the loan documents and purchase contract.
Secondary ID (Sometimes Required)
Your title company or state may require a secondary form of identification. This helps offer additional verification and a sense of security.
Examples of secondary IDs include:
- Social Security card
- Credit or debit card with your name
- Utility bill with your name and current address
Make sure you check with the title company in advance for ID requirements specific to your state.
Financial Documents & Funds
Certified Funds for Closing Costs
Payment for your closing costs is another crucial thing you must never forget. This may include loan fees, title insurance, taxes, escrow charges, and any related expenses.
Your lender or title company may issue a Closing Disclosure (CD), or settlement statement with the details of the amount due.
Some of the accepted payment methods include:
- Certified bank check (not a personal check)
- Wire transfer, which is sent directly to the title company’s escrow account
Check all the payment instructions with the title company to protect yourself from wire fraud, which is quite common these days.
Proof of Homeowners’ Insurance
You need to provide proof that the home is insured before getting a mortgage. Bring your insurance binder or certificate of insurance proving that you have coverage in place and have paid the premium.
The document assures you and your lender that you’re covered in the event of damage or a disaster.
Final Loan Documents (If Provided in Advance)
While most of the loan paperwork is signed at the closing table, some lenders may send a packet in advance. Make sure you review the documents beforehand and carry them with you if you need any clarifications.
Contract & Legal Documentation
Copy of the Purchase Agreement
Bring a copy of the fully executed purchase agreement, including any addenda, amendments, or contingencies. The title company will refer to this contract during the closing to ensure all terms are met.
Closing Disclosure (CD)
You’ll receive this document at least three days before your closing date. It contains all the details on your loan terms, closing costs, and amount due. You can bring a digital or printed copy for reference during signing.
Review the document in advance and contact your lender or closing agent if you notice anything unfamiliar or incorrect.
Power of Attorney (If Applicable)
If someone is signing on your behalf, they’ll need to carry the original Power of Attorney (POA) document during closing. It should be notarized and pre-approved by your title company in advance.
Mental Checklist & Reminders
Review All Figures
Ensure you understand your interest rate, total monthly payment, estimated taxes, and escrow setup. Address any concerns with your lender or real estate agent before signing anything.
Confirm Closing Time, Location, and Parking
Have all the information on the location and date of closing. Title companies like Freedom Title have multiple office locations. Plan to arrive early to allow time for any inconveniences, such as traffic or parking issues.
Spouse/Co-Borrower Attendance
All individuals listed on the mortgage or deed must attend the closing unless a valid, notarized POA is provided. Notify the company in advance if any concerned parties are unavailable to avoid delays.
What the Title Company Provides
Title Insurance Policies
If you purchased Owner’s and Lender’s Title Insurance policies, you should receive their copies. These documents will protect you against future claims or disputes over property ownership.
Your title company closing agent should clearly explain the coverage offered and why it’s important, especially for your long-term peace of mind.
Final Settlement Statement
This document contains an itemized breakdown of the costs involved in the transaction, including credits, lender fees, insurance, prepaid taxes, and escrow reserves. It generally serves as your final snapshot of the purchase.
Keys or Transfer Instructions
The title company can also handle the key exchange or confirm to you when you can officially gain possession of the home. This generally depends on the contract time, or can be immediate.
Post-Closing Tips
Keep Your Documents Safe
Once the closing process is done, ensure you keep all the documents safe. These include the deed, settlement statement, title insurance, and loan papers. Ensure they’re in a secure location such as cloud backup or fireproof case.
You’ll need these documents for tax purposes, future financing, or if you plan on selling the home.
Set Up Utilities
Use your closing date to finalize the transfer of utilities. Contact service providers for:
- Electricity
- Water
- Gas
- Internet and cable
- Trash and recycling
Make sure everything is activated in your name before move-in day.
Monitor Your Mail
After a successful title company closing, expect a flood of mail related to the home purchase. Some might be legitimate, while others may be solicitations. Contact your lender or title company before taking action if unsure about anything.
Optional: Bring a Notepad or Questions
The closing time is also your chance to ask questions and get all the necessary details. Ask about tax prorations, title insurance, escrow, or the deed. The title company and all the attorneys present will be ready to offer all the clarifications. Take notes to ensure you remember all the key details.
Title Company Closing Conclusion
Closing on a home is a step closer to home ownership and stability. Gathering the right documents, confirming logistics, and having all the details gets you prepared and ready for the big day.
If you have any questions, your title company will be sure to offer a helping hand. Freedom Title is ready to ensure your home purchase is a success. Contact us if you need more information concerning your closing.
