CLOSING FAQ What happens on closing day? On closing day, you’ll review and sign all necessary documents, including the final loan agreement and property transfer papers. Once payments are processed and ownership is recorded, you’ll receive the keys to your new home. How much are closing costs? Closing costs typically range from 2% to 5% of the home’s purchase price. These may include loan fees, title insurance, property taxes, and other administrative costs. Your Closing Disclosure will provide a detailed breakdown. When do I get the keys to my new home? In most cases, you receive the keys immediately after closing once all paperwork is finalized and funds are transferred. However, some contracts may have a delayed possession date, so check your agreement. Can anything go wrong before closing? While rare, delays can happen due to financing issues, title concerns, or last-minute contract disputes. Staying in close communication with your lender, agent, and title company can help prevent unexpected surprises.