What amount and type of funds are required of the purchaser at closing?
The buyer is responsible to have the downpayment and any closing costs agreed to in the purchase and sale agreement not paid for by the seller. The lender should have estimated closing costs at the time of application. The funds must be in the form of a certified check or certified funds made out to the purchaser who will endorse at closing. A valid drivers license or other suitable identification must be present at the closing table.
