Buyers: How Much of Your Closing Costs Can Sellers Pay?

What are the limits of seller concessions? That’s the question I’ll answer today in my latest video blog. As a buyer, it’s important to know that different loan programs have different limits in terms of what sellers can and can’t do. FHA and USDA programs, for instance, cap the maximum contribution at 6% of the sales price. Conventional loan limits, on the other hand, are capped based on your down payment. To find out more about the differing limits of seller concessions, watch this short video.

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