Closing

At Loomis Homes, we want you to have a smooth and pleasant closing with no unwanted surprises. We are able to accomplish this because we have been your partners from the very beginning. From selecting a home site, floor plan and finishes to financing and construction, we fully understand your needs and are able to keep your best interests at top of mind when we reach the closing table.

How to Prepare

We want you to feel as comfortable and confident as possible during the closing process. To achieve this, we recommend that you review your HUD-1 settlement statement to ensure you understand the terms of your new mortgage loan. This document outlines your exact monthly mortgage payment, the terms and conditions, and all closing costs. It is also important that you come with all the necessary paperwork, which includes: 

• Proof of homeowner’s insurance
• A copy of your Loomis Homes Contract
• Any home inspection process reports
• Any bank documents that were required for mortgage loan approval
• Photo ID
• A certified check for settlement funds

Who Attends the Closing?

At Loomis Homes, a closing is an in-person event. In attendance, you can expect an All American Title Company representative and a bank or lender representative from where you received your loan. Each person plays a key role in the closing process and are there to ensure everyone is aware of the legalities of homebuying. In the presence of these key players, you can expect to sign legal documents and pay closing costs. Once we reach the end of the meeting, you receive the keys to your brand new Loomis home, as well as a few important documents. Generally, this includes:

• Closing disclosure
• Mortgage note
• Mortgage or deed of trust
• Certificate of occupancy