Closing Documents You Should Keep


On closing day, expect to sign a lot of documents and walk away with a big stack of papers. Here’s a list of the most important documents you should file away for future reference.

  • HUD-1 settlement statement.
    Itemizes all the costs — commissions, loan fees, points, and hazard insurance —associated with the closing. (You may need it for income purposes.)
  • Truth in Lending statement.
    Summarizes the terms of your mortgage loan, including the annual percentage rate and recision period.
  • Mortgage and note.
    Spell out the legal terms of your mortgage obligation and the agreed-upon repayment terms.
  • Deed.
    Transfers ownership to you.
  • Affidavits.
    Binding statements by either party. For example, the sellers will often sign an affidavit stating that they haven’t incurred any liens.
  • Riders.
    Amendments to the sales contract that affect your rights. Example: The sellers won’t move out until two weeks after closing but will pay rent to the buyers during that period.
  • Insurance policies.
    Provide a record and proof of your coverage.
  • Boat Dock/Slip Bill of Sale.
    Provides proof of ownership of boat dock/slip. 
  • Home Warranty Confirmation.
    You will need the confirmation number should you need to use the Home Warranty Policy.