Earnest Money Isn’t Lost Money 💰

Think of it as a deposit: Earnest money shows the seller you’re serious and is typically held in escrow after contract acceptance.
It can become your credit: At closing, your earnest money is generally applied toward your down payment, closing costs, or other approved expenses.
Protect your deposit: Follow the contract deadlines and ask your Austin mortgage broker how earnest money will appear on your final Closing Disclosure.
Buying in Austin? Let’s review your numbers and make sure your earnest money is properly documented and credited at closing. Send us a message to get started!