Step 9: Clear to Close
Clear to close (CTC) is one of the most exciting milestones in the mortgage process. It means the underwriter has reviewed all conditions and given final approval—your loan is ready to fund. At this point, the lender prepares loan documents and issues your Closing Disclosure (CD), which details the final loan terms, closing costs, and cash to close. Federal law requires you to receive the CD at least three business days before closing, giving you time to review and ask questions.
Key Takeaways
- ✓ Review your Closing Disclosure carefully and compare it line-by-line to your Loan Estimate.
- ✓ The three-business-day waiting period after receiving the CD is mandatory—closing cannot happen sooner.
- ✓ Confirm your wire instructions with the title company directly to avoid wire fraud.
- ✓ Do not make any financial changes—job changes, new credit, or large transfers—after CTC.
What Happens During Clear to Close
Detailed content for this step is coming soon. Check back for in-depth guidance on clear to close, including common questions, timelines, and tips from our licensed mortgage advisors.
What You'll Need
- ■ Government-issued photo ID for closing
- ■ Cashier's check or confirmed wire transfer for closing costs and down payment
- ■ Homeowners insurance policy confirmation
- ■ Final walk-through of the property (typically 24 hours before closing)