Buying a Home Step 23: What does ‘Clear to Close’ mean?

The only words more exciting than ‘Your offer was accepted!’ are ‘Clear to Close!’ But what exactly does that mean?

"Clear to Close" is a term used in the mortgage process that signifies that all conditions for the loan have been met and the lender is ready to finalize the loan. This means that the borrower has provided all necessary documentation, the property has been appraised, and any contingencies have been resolved. Once the lender issues the "clear to close," the borrower can proceed with closing on the property. It is an exciting milestone in the mortgage process, as it means the loan is almost complete and the borrower is one step closer to owning their dream home.

Are you ready to begin the home-buying process? Whether your timeline is 3 weeks, 3 months, or 3 years, our team is here to help you every step of the way! Get started now by filling out our Ready To Buy Survey, and our team will reach out to schedule a call to discuss how we can support you on this path. 

Terra Wright Knudsen- Bainbridge Island Realtor