My client would like to get their earnest money deposit back at closing. Is this allowed?

No - the buyer may not receive any cash out at closing. The approved loan amount will be reduced in order to avoid cash out.

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1. How soon can we go to settlement after approval?
2. My client would like to get their earnest money deposit back at closing. Is this allowed?
3. My client is purchasing a condo with mandatory country club membership and fees. Can they use PEG funds to finance these expenses?
4. What if the buyer wants to refinance in the future? Will the county subordinate?
5. What if they decide to sell their home or end employment with the county?