When is down payment due?Hi, I recently entered an agreement with a builder to purchase a new home in Gwenette county Georgia. I already signed a purchase agreement and put 3% down as good earnest money. On January 2012 I am going to sign my contract and the builder will start building and am told they estimate to complete the home by April and am supposed to close on April 30, 2012. My question is, is my down payment due on closing date or when I sign my contract in January? From what I read it's on closing date. Is this true also for new construction home purchases? Thank You very much in advance for your reply.December 21 2011 - Tucker00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.