Closing on a home is the final step in securing property through a Home Ownership Programs, and it involves several important phases. First, your mortgage lender will finalize the loan, and you’ll receive a closing disclosure that outlines the loan terms and final costs. Then, a title company ensures there are no legal issues with the property’s ownership.
You’ll attend a closing meeting—virtual or in person—where you’ll sign numerous documents, pay closing costs, and receive the keys to your new home. With a home ownership program, you may receive assistance with these costs or benefit from streamlined paperwork. It's important to review all documents carefully before signing and ask your agent or attorney if anything is unclear. The closing process can be overwhelming, but knowing what to expect makes it much smoother. Once complete, you officially become a homeowner—ready to start your next chapter.