How do holidays affect mortgage closing?

Most lenders can arrange for you to sign the loan documents any day of the year (I've had docs signed on both Christmas and New Year's eve). The problem is that Escrow can only close on a day that the County Recorder is open for business since it is the recordation of the documents that is the official "closing" in most states. This means you can sign on a holiday, but you can't close on a holiday. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ Licensed in California and Arizona ~ www.LoansA2z.com 888-889-9950

It can close if your lender is open for business but it will not fund on that day usually. Banks and lenders are almost never open on federal holidays. If it's a purchase the loan generally funds the next day after closing, if it's refinance there is a 3-day recision window before the loan funds after closing.

You can. However most lenders don't like doing it because if any of the closing docs need to changed or corrected at the last minute there won't be anyone available to do so due to the fact that their offices will be closed for the holiday in question.

Some title companies are open on Holidays and if so they can close the mortgage if the lender agrees. The issue is your funding which won't occur during Bank Holidays.

Technically it is possible to close that day, but it can not "fund". If you are talking about a refinance, you get three "business days" after the closing to back out before it is official. A holiday can not count as one of those days. www.MortgagesUnlimited.biz

You could "close" but the loan would not fund on a federal holiday. These days are also not counted in your rescission period after a refinance.