Has anyone heard or run into this situation as of late ? Bank called and said they need the seller to cough up 6% in closing costs on behalf of the buyer. (loan orig fee is only 1%) Said that due to an increase in PMI costs this is now required. This is not an AmeriDream loan or one of that nature nor is the 'extra 3%' intended as seller assisted downpayment money. This is on a $100k loan, buyer putting down 3% themselves.
Rainer
11,516
11,516
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