Wet funding
A closing where the lender wires the loan proceeds the same day documents are signed. Money changes hands and the deed gets recorded fast. Standard in most states.
Your Room opens on going under contract and closing, with the offer and everything before it already ticked.
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See how it worksWhere this comes up: closing
Part 1 of 4
Why a seller cares
In a wet-funding state the loan money arrives the day of signing, the deed records, and the sale is done in one day. It is the common case, and it is why closing day usually ends with a wire.
Part 2 of 4
A simple example
You sign at 10 a.m. The lender's funds arrive by noon, the deed records at 2, and your proceeds are wired at 3.
| The state's rule | How closing day goes |
|---|---|
| Wet funding | Sign, fund, record and disburse, all the same day |
| Dry funding | Sign one day, fund and record a day or three later |
Wet means the money is there when the ink is.
Part 3 of 4
What people get wrong
That every state closes in a day. Dry-funding states split signing from funding, and the keys wait.
Part 4 of 4 · where to read next
Where it appears in the sale
What a definition is, and what it isn't
Keighbor is a software company, not a law firm, brokerage, or tax adviser. This is general information, not legal, tax, financial, or real estate advice about your sale. Your situation may differ. Before acting on a contract, disclosure, title, tax, or pricing question, ask an appropriately licensed professional in your state.
Written and researched by Keighbor Research · drawn from the reference glossary · how we research and check what we publish
In your Room, this word explains itself where it appears.
Your Room defines wet funding in the step you meet it in, beside the document or the date it belongs to. Free to set up, with an agent or on your own.
Organize my saleFree to set up. Pay once when you list: $89 or $189. 7-day refund.