With Stage 7 behind you, every condition has been cleared, your loan terms are locked, and you’ve received the coveted Clear to Close. This is the final stretch, the transition from approval to an actual, fully funded loan.
In DSCR lending, closing is usually a coordinated effort between three parties: the lender’s closing department, the closing agent (title company, escrow company, or real estate attorney), and you, the borrower. While conventional borrowers often encounter rigid timelines and federally mandated waiting periods, DSCR closings can move faster, but that also means you need to be organized and ready when the documents arrive.
Your signing process will depend on the property location, lender practices and borrower availability. The flexibility of DSCR Loans can include multiple options for signing the loan documents. Most common is signing at the title company office, where you’ll meet with a closer or escrow officer who will walk you through the package, collect signatures, notarize and handle the funding process. In attorney-closing states (e.g., South Carolina, Georgia, some parts of Texas and others), an attorney must be present or directly conduct the closing and the loan may be closed in an attorney’s office. This may add a modest fee and, in certain states, an extra day to the timeline.
Many DSCR Lenders allow e-notary closings (“Remote Online Notary” or “RON” closings) for speed and convenience, especially if the borrower is investing out of state. These sessions are conducted via secure video with identity verification. There will also typically be mobile notary or “mail-away” options where a notary travels to your home, office, or other location to execute the documents in person. You’ll usually return the signed originals by overnight courier.
Some DSCR Lenders permit a Power of Attorney (POA) for closings, allowing a trusted representative to sign on your behalf. This must be pre-approved by the DSCR Lender and title, and the POA document itself is often recorded alongside the deed of trust or mortgage.
It’s important for investors to have and bring Valid ID to DSCR Loan closings, no matter the place or format. The notary must confirm any signer’s identity with a government-issued photo ID (driver’s license, passport, or similar). It’s also important to check that it’s unexpired before closing day.
For a Full Guide to All of the DSCR Loan Documents You May Encounter at the Closing Table, click HERE!
For purchases and certain rate-term refinances (where you must “bring money to the table”), you’ll be wiring funds to cover your down payment and closing costs. While sending a wire may sound straightforward, the process can be intimidating and risky if you’re not used to it. Being prepared well before closing day helps ensure your funds arrive safely and on time.
Real estate transactions are a major target for wire fraud, with fraudsters impersonating title companies or lenders to trick borrowers into sending funds to the wrong account. Once sent, these funds are nearly impossible to recover.
If funds are required to be wired for a DSCR Loan close, wire instructions will likely be provided in advance, through a secure e-mail system from the title company. These should come directly from the title company, not via an unfamiliar or unexpected email, and typically through a specialized secured portal or enhanced e-mail. The key best practice is to verify wire instructions by phone. This means calling the title/escrow company using a phone number you’ve confirmed independently (from their website or “googling,” separately from the email with instructions). You should ask to confirm the account name, number, and routing details, and the title company should have processes in place for these calls.
It's also smart to ask about bank cut-off times, as your bank may have earlier cut-off times for sending wires than the title company’s deadlines for receiving them. Confirm both so you can schedule your transfer without rushing. It’s also smart to plan the transfer logistics as many banks require you to initiate wires in person at a branch above certain dollar thresholds, though some allow verified online wires. If in-branch, plan your visit and bring valid ID. If online, ensure your transfer limits are sufficient. It may also be smart to send funds the day before, if possible. This builds in a safety cushion for delays and gives the title company time to confirm receipt before closing.
To best protect yourself from fraud in DSCR Loan transactions, it’s smart to never rely solely on emailed instructions without phone verification and to be suspicious of any last-minute changes to wiring instructions. If you receive “updated” wire details, verify with multiple contacts before taking action. Finally, always use secure, known communication channels, don’t click links or call numbers in suspicious messages.
One final note, especially for investors new to investing or new to DSCR Loans, because DSCR Lenders are often national in scope, don’t expect your loan officer or lender representative to attend closing in person. The closing agent will be your main point of contact during the signing itself, with the lender’s closing department available by phone or email if anything needs clarification.
One major DSCR Loan advantage is that there’s no 3-day rescission period for refinances (which is required for owner-occupied consumer loans). This means that for acquisitions, funds typically disburse on the same day as closing or the next business day. For refinances, same-day or next-day fundings can occur after the documents are signed and returned, assuming no last-minute title updates are required. If wired funds are due from you, most DSCR Lenders require them before you sign, or by a strict deadline on closing day (like before an early afternoon bank cutoff time).
This stage is where the DSCR Loan moves from approved in principle to ready for closing. It’s a highly coordinated effort between the DSCR Lender, the title company, potential third-parties like attorneys and notaries and the borrower. By understanding each moving part, from the scheduling of the closing and funding dates, to the escrow math, to the balancing of the settlement statement, to the final credit sign-off, to the drafting of your loan package, you can anticipate questions, catch errors, and keep your transaction on track.
Once your closing is complete and funds are disbursed, your DSCR Loan will transition to the post-closing and servicing stage, where you’ll begin making payments, tracking escrows, and (hopefully) enjoying the cash flow that made this deal make sense in the first place!
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