Definition
Clear to close means underwriting is complete, all conditions are satisfied, and your loan is fully approved. The title company can now schedule closing. This status typically occurs 2-3 days before closing—it's the final checkpoint before funding and keys exchange.
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Clear to close means underwriting is complete, all conditions are resolved, and the lender has approved the final loan. The title company and closing agent can now schedule closing. This status typically occurs 2-3 days before the actual closing date.
Pro Tip
Once you have clear to close, avoid making large purchases or opening new credit as the lender may conduct a final credit check.
Example
After providing final employment verification and receiving satisfactory appraisal, the underwriter issues clear-to-close status, allowing closing to proceed.