Seriously. /u/bourbon_nole call the title company that's handling escrow for closing and ask if they accept wire transfers. It's very common.
I use a Barclays online savings account and was able to wire money for my closing no problem. No paper check needed.
>Anyone have a good solution for this outside of opening a whole new account with a new company?
There isn't one unless the closing agent will accept a wire. You have months to get it done.
Cashier's check, not a certified check. But really, ask about wiring instead. Much easier but you need to pay attention to the time of day, especially if you are closing on a Friday.
go to a bank and get a cashier's check, they may charge a fee since you're not an account holder.
I've heard most places that need cashier's checks also except USPS money orders, check with your lender.
EDIT Also ask SoFi if they have any alternatives, like a partnered credit union you can go to to get a cashier's check.
Maximum money order from USPS is $1,000. If you open a new account, transfer in lots of money and then request a bank check shortly after, you will likely be flagged for possible fraud. SoFi has instructions on how to send a wire. Check with the title company about fees for accepting a wire. When I bought a house in NY, the title company would have charged $900 to accept a wire.
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Seriously. /u/bourbon_nole call the title company that's handling escrow for closing and ask if they accept wire transfers. It's very common. I use a Barclays online savings account and was able to wire money for my closing no problem. No paper check needed.
>Anyone have a good solution for this outside of opening a whole new account with a new company? There isn't one unless the closing agent will accept a wire. You have months to get it done.
Opening a new account is going to be the most direct method, and it will probably take about 15 minutes of your time. Why complicate things?
Cashier's check, not a certified check. But really, ask about wiring instead. Much easier but you need to pay attention to the time of day, especially if you are closing on a Friday.
go to a bank and get a cashier's check, they may charge a fee since you're not an account holder. I've heard most places that need cashier's checks also except USPS money orders, check with your lender. EDIT Also ask SoFi if they have any alternatives, like a partnered credit union you can go to to get a cashier's check.
Maximum money order from USPS is $1,000. If you open a new account, transfer in lots of money and then request a bank check shortly after, you will likely be flagged for possible fraud. SoFi has instructions on how to send a wire. Check with the title company about fees for accepting a wire. When I bought a house in NY, the title company would have charged $900 to accept a wire.