Closing On Your New Home

During closing, ownership of the home will be transferred into your name. Here is what you may expect as you prepare, close, and get the keys to your new home!

Preparing to close:

  • Start shopping for Homeowner’s Insurance
    • Your insurance should be secured prior to your First Walkthrough
      • Your salesperson will let you know when you are close to needing it, but it never hurts to start shopping around early!
  • Notify your banks, employer, and other important contacts of your upcoming change of address
    • File a Change of Address with the USPS
  • If you have children who are changing schools when you move:
    • Register children for school and ask that school records be transferred
  • Your lender will work on the Final Underwriting and Approval of your mortgage:
    • Send your lender any updated or additional documents they request to finalize your loan approval
    • Provide your Homeowner’s Insurance Binder to your lender (if you are financing)
      • This is required before your First Walkthrough
      • Please note, the effective date on your insurance binder is only a temporary placeholder, not your actual closing date
    • The final appraisal inspection will be ordered by your lender to confirm your home’s value and completion
    • A loan underwriter will verify documentation and confirm all loan guidelines have been met
    • Highland Homes will work closely with your mortgage lender to coordinate the details of your closing

5 steps before your closing date is scheduled:

1. Receive a phone call from your Personal Builder to schedule and complete your First Walkthrough
2. Complete your Second Walkthrough and New Home Demonstration with your Personal Builder
3. If you are financing - Receive communication from your lender that your loan has been “Resubmitted for Clear to Close”
4. If you are financing - Receive an email from your lender saying your mortgage loan is now “Clear to Close”
5. Receive a call from Highland Homes’ Closing Scheduler to schedule your closing date, time, and location

Once your closing is scheduled, it's time to:

  • Provide notice of move-out to your current landlord (if applicable)
  • Schedule movers, time off work for moving, and furniture delivery for after your closing date
    • Please note that nothing can be moved into your new home or delivered there until after you close
  • Setup utilities - Refer to your Community Information sheet for utility providers
    • Contact your current utility companies and schedule your service to be terminated or transferred to your new address
    • Contact your new utility companies to setup service for your new home

Mortgage Closing Disclosure

  • The Closing Disclosure will be sent to you in preparation for closing
  • The Disclosure breaks down all of the costs and terms for your mortgage and should closely match the Loan Estimate previously received from your lender
  • The Disclosure MUST be signed 3 business days prior to closing
    • Review the Disclosure and contact your lender immediately with any questions
    • Sign the Disclosure as soon as you have reviewed it

What to bring to closing:

  • Funds for any required Cash to Close
    • Our Closing Scheduler will confirm the exact dollar amount (if applicable) and provide you with payment instructions
    • Funds MUST be a certified check, cashier’s check, or bank wire - NO personal checks or cash can be accepted
  • TWO forms of identification, one of which must be a photo ID
  • Note: Married parties must both be present at the closing, with identification, regardless of whether they are both on the mortgage