05/29/2026
Earnest money = a good faith deposit you submit when making an offer on a home 🏡
It shows the seller you’re serious about buying.
The money is typically held in escrow and later goes toward your closing costs or down payment if the deal moves forward.
And no — it’s not the same thing as your down payment 👀
Most buyers hear the term for the first time while house hunting, so don’t worry if it sounds confusing at first 🤍
