FHA-Home-Loans.com |
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| 3 - Loan Process | Steps of the Loan Process |
Closing Process |
Details |
| Often takes place same day as recording | |
| Summary | |
Once your loan has funded and recorded it has closed. The final process is the disbursement of funds and issuing of final HUD 1 (closing statement) is the last process, which is the closing process. This will often take place on the same day as the recording of your loan. So often the recording is considered the true closing of the loan. |
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