Impound Chart

So-Cal Escrow Center.

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If you would like to discuss paying impounds, please feel free to give your loan officer a call.

The chart below shows how many months of Tax Impounds are required, should you choose to have an impound account with your loan.

Funding Month	First Payment	Impounds Collected @ Closing
November	January	4 Months Plus 1^st Half Paid
December	February	5 Months Plus 1^st Half Paid
January	March	2^nd Half Taxes Due Plus 2 Months
February	April	2 Months
March	May	2 Months
April	June	3 Months
May	July	4 Months
June	August	5 Months
July	September	6 Months
August	October	7 Months
September	November	8 Months
October	December	1^st half Taxes Due Plus 3 Months

Hazard Insurance Policies

A purchase transaction requires the 1^st year’s premium to be paid in advance at the time of closing. You will also be required to have a 2-months reserve to be deposited into the escrow impound account.

For a refinance, there must be 6-months remaining on the existing hazard insurance policy. If there is less, you will be required to pay a full year’s premium at the close of escrow, plus 2-months reserve to be deposited into the escrow impound account.