Does Earnest Money Count Towards Down Payment
ContentsLoan contents 417k loan amount): lendersFha mortgage retention standards mandated. importantlyPayment.. earnest moneyRe: Builder is saying we can't count money we gave them toward down payment. Earnest money does go toward down payment. However, the original author said that he/she paid $2000 toward her upgrades. Builders collect the funds for the upgrades in advance usually..- Earnest money is different from a down payment and often a lot less. It's basically a good-faith gesture and says to the seller that you are serious about purchasing the home. There are a number of factors that go into ensuring your earnest money satisfies the seller and that you get it back if things don't work out.Minimum Down Payment For Jumbo Loan For Down Jumbo Minimum Loan Payment - Hopeinternational - Minimum Down Payment…