What does it mean when the loan is 'sent to closing'?

What does it mean when my loan is sent to closing?

You want to know what happens when your lender says the loan is 'sent to closing.' This phrase means your loan has cleared underwriting and moved to the final stage where documents get prepared for your closing appointment.

When a loan goes to closing, the underwriter has approved your application and confirmed you meet all loan requirements. The lender packages your loan file and sends it to the closing department or title company. This department prepares your final loan documents, coordinates with all parties, and schedules your closing appointment.

You can expect the closing department to contact you within a few days to schedule your appointment and provide instructions. They'll tell you how much money to bring, where to meet, and what documents to bring. The closing typically happens within 5-10 business days after the loan gets sent to closing, though timing depends on your lender and local practices.

If you have questions about your closing date or need to reschedule, contact the closing department directly. They can walk you through what happens next and confirm all the details for your appointment.