Financial FAQ

Welcome to HomeFree-USA Financial FAQ Knowledge Base. Type in your question or search keywords that correspond to your issue.

For example: Do people with good credit scores need guidance in the homebuying process?

Purchasing a Home

What is earnest money?

Earnest money is money put down to demonstrate your seriousness about buying a home. It is also known as a good faith deposit.

Down Payment Resources

Can I borrow an earnest money deposit?

Real estate professionals suggest that none of the earnest money deposit is from borrowed funds as this amounts documents the buyer's intent and the ability to pay for the purchase.