Financing contingency and earnest money deposit

[Anonymous]

FT buyer here, so sorry if this is a stupid question. If for some reason the financing falls through and the financing contingency cannot be met, would I get back 100% of the earnest money deposit or could I lose it all? thanks

[Anonymous]

You get it back. Didn't your realtor explain this? They should have put 14 or 21 days financing contingency on the contract which they have to release at that time. This "date" they got from your lender who told them how long it would take to have loan approval. The reason you have contingencies is for this purpose - so you have time to get your ducks in a row without your earnest money being at stake.