Overview
Closing with Doorly involves two separate wire transfers sent at two different times — not one lump sum on closing day. Understanding these deadlines in advance will keep your closing on track and avoid delays.
Wire 1 — Down Payment
Due within 3 business days of your contract effective date.
Once your Purchase and Sale Agreement is fully executed (signed by all parties), your contract effective date is set. You have 3 business days from that date to wire your down payment to Doorly's title company.
What it covers: Your down payment — the difference between the purchase price and your loan amount.
Example:
Purchase price: $447,300
Loan amount: $402,570
Down payment: $44,730 ← this is Wire 1
Why it's due early: Doorly purchases your home in cash on your behalf. We need to confirm your down payment funds before we commit to the purchase. This is a hard deadline — missing it could delay or jeopardize your transaction.
Wire 2 — Remaining Cash to Close
Due 3 business days before your closing date.
Your remaining cash to close covers your closing costs minus any credits applied (including your $500 offer fee lender credit). Your Doorly coordinator will send you the exact figure once your Closing Disclosure is issued.
What it covers:
Origination fee
Program fee
Appraisal fee
Title fees
Prepaid homeowner's insurance
Prepaid property taxes
Prepaid mortgage interest
Initial escrow deposits
Any other closing costs shown on your Closing Disclosure
Minus your lender credit(s)
Example:
Total closing costs: $22,250
Lender credit applied: -$500
Wire 2 amount: $21,750
Note: Wire 2 is separate from your down payment. Your Closing Disclosure will show the full breakdown.
Wire Instructions
You will receive official wire instructions directly from Doorly via secure in-app instructions.
Important: Always verify wire instructions by calling Doorly directly before sending any funds. Wire fraud is common in real estate transactions — Doorly will never ask you to change wire instructions via email or text.
Timeline at a Glance
Milestone | Action Required | Deadline |
Contract effective date set | Send Wire 1 (Down Payment) | Within 3 business days |
Closing Disclosure issued | Review and sign CD | Within 3 business days of receipt |
Closing date | Send Wire 2 (Remaining Cash to Close) | 3 business days before closing |
Closing day | Attend closing (or sign remotely) | Closing date |
Frequently Asked Questions
Can I combine both wires into one? No. The down payment and closing cost wires are separate transactions that happen at different times. They cannot be combined.
What counts as a "business day"? Business days are Monday through Friday, excluding federal holidays. Weekends do not count.
Will I get reminders? Yes. Doorly will send you email and in-app reminders for both wire deadlines. You can also see your key dates in the app under the Dates section of your dashboard.
What happens if I miss a wire deadline? Contact your Doorly coordinator immediately. Missing a wire deadline can delay your closing and, in some cases, may result in forfeiture of your option period rights. We will work with you to resolve it as quickly as possible.
Where do I find my exact wire amounts? Your down payment amount is shown on your Loan Estimate and SmartEstimate. Your remaining cash to close is shown on your Closing Disclosure, which is issued after your contract is fully executed.
Is my $500 offer fee applied somewhere? Yes — your $500 offer request fee is non-refundable but applied as a lender credit at closing. You will see it as a credit on your Closing Disclosure, reducing your Wire 2 amount.
Need Help?
If you have questions about your wire amounts or deadlines, contact your Doorly coordinator or reach us at:
Email: [email protected]
In-app chat: Available on your dashboard