Read more about the FHA Loan here.
what happens to the earnest money. is it subtract from the down payment?
Couple be applied to the settlement statement or given back to you in a check at closing.
Your earnest money deposit will be a credit to you on the settlement statement. So, your bottom line will be less the funds that you already put down.
Many people receive funds at settlement on FHA loans.
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2011/09/24 at 22:04:44
Couple be applied to the settlement statement or given back to you in a check at closing.
2011/09/24 at 21:35:56
Your earnest money deposit will be a credit to you on the settlement statement. So, your bottom line will be less the funds that you already put down.
Many people receive funds at settlement on FHA loans.