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We have "clear to close" for Friday. Can the loan still fall thru?

Profile picture for Swooshz
We have "clear to close" for Friday. Can the loan still fall thru?
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March 23 2010 - US
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Answers (6)

Profile picture for smbelaen
Even though I don't know you: Congratulations! Anyone who makes it through the house-buying process definitely comes out a little bit stronger with a little more knowledge.
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March 24 2010
The only thing that could quash the deal would be if you lost your job.  Most fulfillment (processing) centers do a verbal verification of employment on the final days prior to close. 

You should be home free : )  Congratulations on your new home!!!
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March 23 2010
Profile picture for Dave Fonseca
If nothing has changed from what is on the closing loan documentation you received, you are fine. Enjoy your new home.
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March 23 2010
Profile picture for Martin Wareing
If something were "to change" from what was originally disclosed (ie...lose your job) then yes.  Lender will probably verify employment... today , tomorrow or even FRI am... That would be the dealkiller.  I have seen it happen; however, keep your day job and close on FRI.. :)
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March 23 2010

If you are clear to close then everything should be ok. I would say don't worry you are good. Congrats!

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March 23 2010
Profile picture for Georgia Loans

It would be highly unlikely
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March 23 2010
 

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