When the real estate company's deposit is refunded depends on the agreement of the project mortgage loan cooperation agreement.

Because according to the credit management regulations of commercial banks, individual housing mortgage loans can only be handled after real estate development companies and commercial banks sign project mortgage loan cooperation agreements. Accordingly, the real estate development company is required to provide guarantee for the borrower's phased guarantee before obtaining the real estate license. If the borrower defaults on repayment and the collection fails, the bank has the right to deduct the deposit to repay the principal and interest of the defaulted loan. Under normal circumstances, the agreement stipulates that the development company can only apply for refund of the deposit after all the borrowers' real estate licenses in the development project have been processed and the pre-mortgage has been converted into formal mortgage registration.