Closing Day Guide

The day you've been working toward. Here's exactly what to expect when you officially become a homeowner.

Phase 6: Becoming a Homeowner Typical Duration: 1-2 Hours

What You'll Learn

You've navigated every step of the homebuying journey—exploring, preparing, searching, negotiating, and waiting. Today is the day you officially become a homeowner. This guide ensures you walk into that title company confident and prepared.

Exactly what to bring to closing
Every document you'll sign and what they mean
Who will be in the room with you
When you'll get your keys
What to do immediately after closing

Your Closing Day Checklist

Everything marked "ESSENTIAL" is required—no exceptions. Missing any of these items will delay your closing.

Government-Issued Photo ID

ESSENTIAL: Valid driver's license, passport, or state ID. Must be unexpired and match the name on your documents exactly.

Cashier's Check or Wire Confirmation

ESSENTIAL: For your "cash to close" amount. Title company will provide exact amount and wiring instructions. Personal checks usually NOT accepted.

Proof of Homeowner's Insurance

ESSENTIAL: Declarations page showing coverage effective on closing date. Your lender requires this before funding.

Closing Disclosure (CD)

You received this 3 days ago. Bring your copy to compare with final documents.

Your Phone

For photos of documents, contact your agent/lender if questions arise, and your celebratory selfie.

Questions List

Write down any questions you have about the documents or process beforehand.

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Wire Fraud Alert: Verify Before You Send

If you're wiring funds, CALL your title company directly using a phone number you looked up yourself (NOT from an email) to verify wiring instructions. Scammers hack emails and send fake instructions. Once wired to the wrong account, your money is likely gone forever.

What Happens at Closing

Here's your typical 1-2 hour closing appointment, step by step.

0:00 - Arrival

Check In & Verify Identity

Arrive a few minutes early. The closer (title officer or attorney) will verify your ID and confirm your name matches all documents.

0:05 - Review

Review the Closing Disclosure

Quick comparison of final numbers to what you received 3 days ago. Any changes should be minimal and explained.

0:15 - Signing Begins

Start Signing Documents

The closer will guide you through each document, explaining what you're signing. Ask questions at any time—this is your right.

0:45 - Almost Done

Final Signatures & Verification

Last few documents and double-checking all signatures are complete. The stack is typically 50-100+ pages, but you won't read every word—trust the closer to highlight what matters.

1:00 - Complete

Funding & Recording

Lender wires funds. Title company submits documents to the county for recording. This may happen while you're there or within a few hours.

After Recording

You're a Homeowner!

Once recorded, you officially own your home. Time for the keys (see below for timing details).

What You'll Sign (and What It Means)

Click each document to learn what it is and why you're signing it.

What it is: The final accounting of your loan terms, monthly payment, and all closing costs.

What to check: Loan amount, interest rate, monthly payment, and cash to close should match what you expected.

Why it matters: This is your binding agreement on loan terms. You received this 3 days ago by law—review for any changes.

What it is: Your personal promise to repay the loan. This is the "IOU."

What to check: Loan amount, interest rate, monthly payment amount, and payment due date.

Why it matters: This makes you personally liable for the debt. It's the foundation of your mortgage.

What it is: The document that puts the home up as collateral for the loan (Texas uses Deed of Trust).

What to check: Property address, legal description, and that your name is spelled correctly.

Why it matters: This gives the lender the right to foreclose if you don't pay. It's recorded with the county.

What it is: The document that transfers ownership from seller to you.

What to check: Your name spelling, property legal description, and seller's signature.

Why it matters: This is proof you own the home. It's recorded with the county and you should receive a copy later.

What it is: Details about your escrow account for taxes and insurance.

What to check: Monthly escrow amount and when property taxes/insurance will be paid.

Why it matters: This is where part of your monthly payment goes to cover taxes and insurance.

What it is: Insurance protecting you (and the lender) against title defects or ownership disputes.

What to check: Coverage amount matches purchase price for owner's policy.

Why it matters: Protects you if someone claims they own part of your property or if there's an undiscovered lien.

What they are: Various federal disclosures, compliance documents, and lender-specific forms.

Examples: Right to Cancel (for refis), Tax Authorization, Payment Authorization, etc.

Why they matter: Required by law and lender policy. The closer will explain each one.

Who's in the Room?

Your closing might be intimate or have several people. Here's who you might see:

You (The Buyer)

Always There: And co-borrower if applicable. You're the star of this show.

Title Officer / Closer

Always There: Guides you through signing and ensures everything is completed properly.

Your Real Estate Agent

Often There: For support and celebration. They've walked this journey with you.

Seller's Agent

Sometimes: May attend for seller's signatures or to coordinate key handoff.

The Seller

Rarely There: Often signs separately for convenience.

Attorney

Texas: Rare: If you hired one or state requires. Texas uses title companies instead.

When Do You Get the Keys?

This depends on your specific situation. Here are the most common scenarios:

Immediate Key Handoff

Most common scenario. Once documents are recorded (often same day), you get keys from your agent, the seller's agent, or a lockbox code. Sometimes happens right at the closing table.

Same-Day After Recording

If closing happens in the morning, recording usually completes by afternoon. Your agent will coordinate key pickup once recording is confirmed.

Seller Leaseback

If the seller negotiated to stay a few days after closing (common when they're also buying a home), you'll get keys on the agreed-upon date.

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Pro Tip

Ask your agent at closing when and where you'll get the keys so there's no confusion!

What is "Recording" and Why Does It Matter?

After you sign, the title company sends your deed and mortgage documents to the county recorder's office. This is called "recording."

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What Recording Does

Makes your ownership official and public, establishes the date/time of ownership transfer, protects your claim against future disputes, and triggers the lender to fund the loan.

Timeline: Electronic recording takes minutes to a few hours. Traditional recording takes same day to next business day. You'll receive recorded documents by mail in 4-8 weeks.

Immediate Post-Closing Tasks

You're a homeowner—but there are a few things to handle right away:

Day 1: Before You Sleep
  • Change the Locks: You don't know how many copies of keys exist. Re-key or replace all exterior locks for security.
  • Transfer Utilities: Electric, gas, water, trash, internet. Schedule for closing day or day after to avoid lapses.
Week 1
  • Update Your Address: USPS mail forwarding, driver's license, voter registration, bank accounts, subscriptions.
  • Locate Shutoffs: Find your main water shutoff, electrical panel, and gas shutoff. You'll need these in emergencies.
Week 2
  • Set Up First Payment: Your first mortgage payment is usually due 30-60 days after closing. Set up autopay to never miss.
  • File Important Documents: Store your Closing Disclosure, deed copy, and title insurance policy somewhere safe.
Month 1 & Ongoing
  • Apply for Homestead Exemption: Texas residents can save on property taxes. Apply with your county appraisal district by April 30th of the following year.
  • Watch for Your Servicing Letter: If your loan is sold to another servicer (common), you'll receive instructions on where to send payments.
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Time to Celebrate!

You just accomplished something huge. Homeownership is a major milestone—take time to celebrate your achievement! Take photos with your new keys, toast with your favorite drink, enjoy your first meal in your new home, or call family to share the news. You worked hard for this!

Key Takeaways

  • Bring your government ID, proof of insurance, and payment method—these are absolutely essential
  • Always verify wire instructions by calling the title company directly using a number you looked up yourself
  • You'll sign 50-100+ pages of documents including the Closing Disclosure, Promissory Note, Deed of Trust, and Warranty Deed
  • Recording makes your ownership official—keys typically come same day or per your agreement with the seller
  • Change locks immediately and transfer utilities on Day 1 for security and comfort
  • Apply for Texas homestead exemption within your first year to save on property taxes

Questions Before Your Closing?

Our verified network of title professionals, lenders, and real estate agents in DFW are here to make sure your closing day goes smoothly.

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