Step 15 to Buying a Home: Funds For 2nd EM Check


Gather Funds for the 2nd Earnest Money Check

Now that you’re in inspection time period, it’s time to gather funds for the 2nd earnest money check, if stated in your contract. Check your contract for the exact amount of earnest money needed for your particular deal.   

The second earnest money check is usually due the date stated on the contract. It’s important that you start gathering the funds for your second earnest money check now so the funds are available when you need them. Usually, it’s acceptable to pay the earnest money using a personal check, but check your contract to verify that a certified check is not required.  We’ll let you know when it’s time to drop off the second earnest money check and where to drop it off. 

As a reminder, the earnest money is part of your down payment. So, if you were planning to put down $50,000 as a down payment and your total earnest money paid was $20,000 then you will only need to bring an additional $30,000 to closing for your down payment. 

If you have any questions, please call me at 410-980-5732 or email me at