Deposits on accepted offer to purchase. What is it applied to? The amount you give for deposits on your accepted offer to purchase are applied directly to the amount of down payment required Those funds sit at sellors real estate office until needed by lawyer at time of signing legal mortgage documents. So if your full down payment is $10,000 and you have given $2,000 as deposit on your offer you will still owe $8,000. Call Advance Mortgage for further explanation 403-347-0774