: Usually due within 3 business days of an accepted offer.
This is "good faith" money you pay when your offer is accepted. It shows the seller you are a serious buyer. : 1% to 3% of the purchase price.
Putting down allows you to avoid Private Mortgage Insurance (PMI) , which can save you hundreds of dollars in monthly payments. 🌟 Assistance Programs (2026) What Is Earnest Money When Buying a Home in Los Angeles?