An earnest money deposit can create confusion when a Lithonia buyer starts adding up purchase costs. The deposit, available account balance, and final cash-to-close figure should fit together without counting the same money twice. Keeping a clear paper trail helps the lender verify funds and helps you plan the remaining transfer.
Understand what the contract requires
Your purchase agreement addresses the deposit amount, deadline, holder, and related contract terms. Ask your agent or attorney to explain those provisions before sending money. Whether a deposit is refundable depends on the contract and circumstances. A mortgage estimate does not replace that legal review.
Retain evidence of the payment
Keep the requested receipt and records showing where the deposit came from and how it was delivered. The lender may need to verify the source and that the funds were received. Tell the loan officer if someone else is contributing money rather than allowing an unexplained transfer to appear later.
Avoid counting the deposit twice
If the money has left your bank account, your remaining balance is different from the earlier statement balance. The deposit may appear separately as a credit in the closing figures when applicable and verified. Ask the lender to explain how the current asset records and deposit credit are being treated.
Plan for expenses outside the final transfer
Some purchase-related costs may be paid before closing. Keep a running list and distinguish paid items from those still included in the closing estimate. Ask which figures remain estimates. This makes it easier to reconcile your available funds as inspection, appraisal, and settlement information becomes more complete.
Verify the final payment instructions
Review the final closing figures with the appropriate professionals and confirm transfer instructions through a trusted contact method. Unexpected changes deserve direct verification. Ask when the closing office needs the funds and which delivery methods it accepts. Do not assume that an early estimate is the final amount to send.
Discuss your next step
Contact Reliant Mortgage to discuss funds planning for a Lithonia purchase. Bring your deposit records and current account documentation so the team can explain the financing review. Contact Reliant Mortgage.
Helpful resources
Fannie Mae: Earnest money deposit documentation
Loan options and availability depend on borrower and property eligibility, program requirements, and underwriting. This article is educational and is not a commitment to lend.
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