Closing On Your New Home

Highland Homes will work closely with your mortgage lender to coordinate the details of your closing. During the closing process, ownership of the home will be transferred into your name and you will get the keys to your new home!

Construction of your home is almost complete!

  • Start shopping for Homeowner’s Insurance
    • Your salesperson will let you know when you are close to needing it 
  • Your lender will work on the Final Underwriting and Approval of your mortgage:
    • Send your lender any updated or additional documents requested to finalize your loan approval
    • Provide your Homeowner’s Insurance Binder to the lender and Highland Homes (required before First Walkthrough)
    • The final appraisal inspection will be ordered by your lender to confirm your home’s value
    • A loan underwriter will verify documentation and confirm all loan guidelines have been met
  • Notify your banks, employer, etc. of your change of address, and file a Change of Address with the USPS
  • Register children for school and ask that school records be transferred (if changing schools)

Clear to Close

  • Once the Final Underwriting and Approval is complete, your lender will issue a Clear to Close on your mortgage loan
  • Highland Homes will work closely with your lender to coordinate the details of your closing
  • Your salesperson will contact you to schedule your closing date and time
    • Provide notice of move-out to your current landlord/property management company (if applicable)
    • Contact your current Utility Companies and schedule your service to be terminated or transferred to your new address
    • Contact your new Utility Companies (See your Community Information sheet for utility information) to setup service for your new home
    • Schedule movers, time off work for moving, and any furniture delivery for after your Clear to Close date

Closing on Your Home

  • The title company handling your closing will prepare the Closing Disclosure, which breaks down all of the costs and terms specific to your mortgage
    • Review the Disclosure and contact your lender immediately with any questions or to resolve errors
    • Sign the Disclosure as soon as you have reviewed - This MUST be signed 3 business days prior to closing
  • You will be provided the exact dollar amount you need to bring to closing (if applicable) along with payment instructions
    • Funds MUST be certified or cashier’s check - NO personal checks or cash can be accepted
  • If you need to have a Power of Attorney sign your closing paperwork, let your lender and salesperson know ASAP
  • Bring TWO forms of identification to the closing, one 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
  • Receive the keys to your dream home!