What Is Earnest Money Deposit? How It Works on an FHA Home Purchase
A practical guide to what is earnest money deposit.
What Is a Mortgage Contingency? An FHA Buyer’s Guide to Protecting Your Deposit
What is mortgage contingency? It is a clause in your purchase contract that lets you cancel and recover your earnest money if your loan isn’t approved by a set deadline. This FHA buyer’s guide covers the contingency types, FHA-specific appraisal protections, how deadlines work, and how to avoid losing your deposit.