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What Is Clear to Close?

Clear to Close: The underwriter's final sign-off that all conditions are met and the loan can close.

Also called: CTC

Clear to close (CTC) means the underwriter has signed off on every condition. The lender is ready to send the Closing Disclosure and prepare closing documents.

What happens after

  1. The Closing Disclosure is sent; you must receive it at least three business days before signing
  2. The lender sends the closing package to escrow
  3. Escrow finalizes figures and schedules signing

Is it a guarantee?

Almost. The lender may still re-verify employment, check for new credit or confirm insurance before funding. Keep your finances unchanged until the loan funds.

Where this comes up when you buy a home