Agents Earnest money deposit Finance Loan contingency 
HomeLight
JANUARY 12, 2024
If you’ve been shopping for a home, you’ve likely come across the term “loan contingency,” and you may be considering including this clause in your purchase offer. Or perhaps you’ve already made a loan-contingent offer, and you’re wondering about contingency removal. What is a loan contingency?
HomeLight
DECEMBER 12, 2023
A mortgage contingency protects you in such situations, ensuring that you’re not left holding an empty bag if the financing falls through. In this guide, we’ll explore the ins and outs of a mortgage contingency, helping you understand how it works and why it may — or may not be — part of your home-buying plan.
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