Skip to main content
_FB_2018-Icons-finalized-cleaned-up_new_FB_2018-Icons-finalized-cleaned-up_newGroup 9
Scroll to top

Homebuyers: What to Bring to Closing

It’s finally time to seal the deal. You’re closing on a new home. For many, it’s the end of what has been a long road, and now you’re ready to pack your bags and move!

Before your closing date, you should receive a list from your loan officer or agent with everything that you will need to bring on closing day. Here are a few items commonly on that list.

Your Agent or Lawyer

It is important to have an advocate who understands the intricacies of the home-buying process. This is especially critical for first-time homebuyers.

It’s nice to have someone with you who knows what’s going on and has your interests in mind at all times.

If you haven’t found someone knowledgeable and trustworthy, consider reaching out to a mortgage specialist at a First Bank branch near you.

A Photo ID

Of course, buying a home requires you to first prove that you are who you say you are. You will be signing a number of documents that will need to be notarized. A photo ID such as a driver’s license or current passport will do the trick. If you don’t have either of these, a state-issued ID should work.

In addition, some lenders have started to require a second form of identification. If your agent or lawyer hasn’t told you otherwise, it’s best to bring one along just in case.

A Copy of the Purchase Agreement

Closing day is exciting, but there will be many moving parts. It can be difficult to remember all of the details.

Bring a copy of the purchase agreement with you so that you can make sure the final documents align with what was outlined in the agreement. It’s better to be overly cautious and protect yourself than to risk signing documents that may not match what you previously agreed upon.

Proof of Homeowners Insurance

Lenders require homeowners insurance before issuing a mortgage. Other types of insurance may also be required, depending on where you live. The insurance should be able to cover the replacement costs of the house or the full loan amount.

You will need to bring proof that you have homeowners insurance as well as a receipt showing that you’ve paid the premium through the first year.

A Certified or Cashier’s Check

Make sure that you are able to review your settlement statement at least 24 hours prior to closing. This will break down all costs associated with closing on the house. Your down payment and all other closing costs should be included.

Typically, closing costs will amount to 3-5% of the home price, minus any good-faith deposit you may have already given to the seller. Be sure to move over any funds you may need in advance so that they’re there on closing day.

Bring a certified or cashier’s check to cover the amount. Personal checks are not accepted.

Do you have questions about home buying or the closing process? Talk to a mortgage specialist at a branch near you.

Work with a local mortgage specialist

Trending Topics

How Much Should I Have in Savings at Age 35?

How much money should you have in your savings account at the age of 35? It largely depends on when you started saving, your income and lifestyle, and whether you carry consumer debt. Savings for Adults in Their...

What You Need to Open a Business Banking Account

Once you’ve started a business, the money is going to be coming in. You will need a business banking account to keep finances in order and manage cash flow. But, before you head down to your local First Bank,* grab...

Loan for Small Business – Wilmington, NC

If you live in Wilmington, NC, and are looking for a small business loan, consider First Bank. We were recently rated one of the best in-state banks by Forbes. At First Bank, we are dedicated to providing small business...

Remodeling Loan in Aberdeen, NC

If you live in Aberdeen, NC, and are tired of your floors, kitchen counters, or anything else in your home, consider a remodeling loan from First Bank. First Bank offers a variety of personal loan options that can help you...

Apply for a Personal Loan in Lillington, NC

If you’re looking to apply for a personal loan* in Lillington, NC, stop by the First Bank on South Main Street for competitive loan rates and flexible terms. Our banking experts will help you customize your personal...

Savings Account Interest Rates in South Carolina

Whether you’re searching for savings account interest rates in South Carolina, looking for an account with a higher rate of return, in the market for a long-term savings strategy with tax advantages, or looking to...

Open a Banking Account Online at First Bank

The ability to manage bank accounts online has provided us with financial freedom like never before. Consumers may now make payments, transfer funds or make deposits straight from a computer or mobile device. At First...

Apply for a Personal Loan in South Carolina | First Bank

If you’re looking for a personal loan in South Carolina, stop by your local First Bank. We offer highly competitive rates and flexible terms, allowing you to customize your loan based on your financial needs. Visit...

High Yield Savings Accounts in South Carolina

It’s no secret that travel can make you happier, but did you know that it can also improve your social skills, help you accomplish goals, make you more patient, and improve the quality of your relationships? If...

Financing Your Operating Cycle

the true value of working capital financing comes in the form of opportunity cost. By using cash to fund the operating cycle, companies are forced to pass on more valuable options to invest their cash into. Here's a real...