How Much Earnest Money Is Enough for Your Offer?
The standard earnest money deposit is at least 1% to 3% of the offer price, but you might present more if your market is highly competitive.
Written by
Freelance writer
Daria Uhlig has over 16 years of experience in mortgage and real estate. Her work has been featured by GoBankingRates, MSN Money, and Yahoo Finance.
Written by
Senior editor
Reina Marszalek has over 10 years of experience in personal finance and is a senior mortgage editor at Credible.
Updated November 28, 2024
Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as “Credible.”
