inception-app-prod/NjQ2ZGIzMmMtMmZhZS00ZDE0LThlZGQtMGNiZGJjMWFkZmRh/logo/2020/06/bsl-logo-200.png
  • Search
  • Buyers
    • Steps to Buying a Home
    • Buyer Library
    • Finding Your Dream Home
    • Mortgage Calculator
  • Sellers
    • Steps To Selling Your Home
    • 4 Questions to Ask Before Selling a Home
    • Seller Library
  • Blog
  • About
    • About Maura
    • Testimonials
  • Contact
(404) 994-2181
info@buysellliveatlanta.com
Sign In
Sign Up
inception-app-prod/NjQ2ZGIzMmMtMmZhZS00ZDE0LThlZGQtMGNiZGJjMWFkZmRh/logo/2020/06/bsl-logo-200.png
  • Search
  • Buyers
    • Steps to Buying a Home
    • Buyer Library
    • Finding Your Dream Home
    • Mortgage Calculator
  • Sellers
    • Steps To Selling Your Home
    • 4 Questions to Ask Before Selling a Home
    • Seller Library
  • Blog
  • About
    • About Maura
    • Testimonials
  • Contact
inception-app-prod/NjQ2ZGIzMmMtMmZhZS00ZDE0LThlZGQtMGNiZGJjMWFkZmRh/logo/2020/06/bsl-logo-200.png

Step 25 to Buying a Home: Get Your Downpayment Ready For Closing

Now that we’re getting closer to your closing date, it’s time to get your down payment ready! In addition to your downpayment, you may also be paying your own closing costs -- either a portion or the total amount -- depending on whether we were able to get the seller to agree to contribute as part of the negotiations.

Some loan programs may allow for funds to be gifted to you from a family member, which you would have already discussed with the lender (likely as part of your pre-approval process). There may be conditions or stipulations from the lender or underwriter regarding gift funds; for example, they may require that you receive those funds into your account by a certain day or that the funds be accompanied by a letter from the giver or a copy of their bank statement to show a paper trail.

When the time comes to wire your funds to the closing attorney, it's best if the downpayment and closing cost funds are transferred from one account. The mortgage lender will likely require that you disclose, in advance, from which account you will be sending these funds and will likely also require that you send multiple updates on this account (in the form of bank statements) so that these funds can be tracked.

For more detail on the process for finding out your final total funds for closing and wiring your downpayment and any additional funds, please click here.

Please let us know at 404-994-2181 or  Maura(at)BuySellLiveAtlanta(dot)com if you have any questions.

Step 26 to Buying a Home: What Does Clear to Close Mean? 
ABR
BPOR
EPRO
MRP
SRS
ABR
BPOR
EPRO
MRP
SRS

Office

RE/MAX Around Atlanta | Maura & Ben Neill, REALTORS®
240 Sandy Springs PLaceSandy SpringsGA 30328US
(404) 994-2181
Info@BuySellLiveAtlanta.com

Essentials

  • Home
  • Search
  • About
  • Featured Listings
  • Buyers
  • SELLERS
  • Blog
  • Contact

Consumer Protection & Privacy

  • Accessibility
  • DMCA Compliance
For ADA assistance, please email compliance@placester.com. If you experience difficulty in accessing any part of this website, email us, and we will work with you to provide the information.
inception-app-prod/NjQ2ZGIzMmMtMmZhZS00ZDE0LThlZGQtMGNiZGJjMWFkZmRh/logo/2020/06/bsl-logo-200.png

© 2025 All rights reserved

Created with Placester

Sign In

Sign in with your email address

Sign In
Success! Your message was sent!
Thanks for your message, we will contact you soon.
Back to homepage
Oops! Error occurred.
Please try again.
Back to form
Forgot your password?
Create an account
You have been successfully logged in
The page will reload automatically.
Go to the homepage
Sorry something went wrong
Login or password are incorrect. Please try again.
Try again

Sign Up

Your password needs:
At least one uppercase letter
At least one special symbol or number
At least 8 characters
Sign Up
Success! Your message was sent!
Thanks for your message, we will contact you soon.
Back to homepage
Oops! Error occurred.
Please try again.
Back to form
Already a User? Sign In
You have been successfully registered
Please check your email.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Reset password

Reset password
Return to Log In
Reset password email has been sent.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Change password

Your password needs:
At least one uppercase letter
At least one special symbol or number
At least 8 characters
Change password
Sign Up
Your password has been successfully reset.
Go to the homepage
Sorry something went wrong
Please try again.
Try again

Account verification in progress

Account Verified!
The page will reload automatically.
Go to the homepage
Verify your email address
In order to log in to your account, you need to confirm your email address. Please check your inbox!
Go to the homepage

Share this listing

Copy Link

Hold on!

You’re being redirected to the page with listing data.

You have been successfully logged in.
The page will reload automatically.
Sorry something went wrong.
The page will reload automatically.