Earnest money deposit Seller concession VA loan 
Redfin
FEBRUARY 18, 2025
Higher monthly payments: While your upfront costs are lower, your monthly payments will be slightly higher because of the larger loan amount. VA loans A VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA). This is called a seller concession.
Redfin
MARCH 18, 2025
If your down payment is already covered, the earnest money can help pay for lender fees, title fees, and other closing expenses. If your earnest money exceeds your total costs due at closing, youll get a refund for the excess amount. This is more common with VA loans or USDA loans, which require no down payment.
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