What is a deed to a home?

Also known as a property deed, house deed or warranty deed, the deed to a home is the legal document that conveys ownership of real estate from one party to another. It’s a physical public record of the seller transferring the title to the buyer. While what’s included in deeds varies by state, a deed to a home must include the transaction date, the buyer and seller’s name and a property description.

Buying a home and wondering who holds the deed and how and when you get it? Here’s everything you need to know about a deed to a home.

What’s the difference between the deed to a home and the deed of trust?

Although they’re often confused, the deed of trust isn’t the same as the deed to a home. As the homebuyer, you’re responsible for signing the mortgage note and the deed of trust during closing. A mortgage note is the written promise from you, the borrower, to Guild or another lender to repay a specified amount of money plus interest at a specified rate and length of time. The deed of trust is the loan document that secures the mortgage note. The deed to a home is signed by the seller, granting property ownership to the buyer, which completes the title transfer.

When do you get the deed to your home?

When closing is complete and the deed of trust and the deed to your home are signed, the county recorder or county clerk records them. You’ll be provided with a copy of the deed of trust by Guild. The deed to the property is generally mailed to you after it’s recorded.

If you need a copy of your property documents, you can usually request them from your county clerk. There might be a small fee involved.

Not sure what paperwork to keep after closing? We recommend that you keep your copies of deeds along with other important items such as your homeowner’s insurance policy, appraisal, and purchase contract in a fire-proof safe in your home or safe deposit box at your financial institution.

Explore Guild’s step-by-step first-time homebuyer guide to help you navigate the process of buying a home and securing a loan.

The above information is for educational purposes only. All information, loan programs and interest rates are subject to change without notice. All loans subject to underwriter approval. Terms and conditions apply. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.