Earnest money deposit FHA loan New Construction Sales 
HomeLight
AUGUST 9, 2022
If you back out of the sales agreement and your reason for doing so isn’t covered by contingency written into the contract, the seller can keep your earnest money. Otherwise, earnest money will be held in an escrow account until closing, and the amount is then applied toward your down payment at closing.
HomeLight
SEPTEMBER 1, 2022
Raymer says that for her clients, especially first-time buyers, she suggests an FHA loan, which only requires 3.5% FHA is really one of the best options,” she advises. She adds that Florida also has numerous down payment assistance programs, many of which are tied to state bond money. Earnest money deposit amount.
Expert insights. Personalized for you.
91 
Let's personalize your content