concessions: Maximum Seller Contribution
- 05/04/11 08:58 AM
What is the maximum seller contribution on the purchase of a home? In today's market, it is very common for a seller to pay some, if not all, of the buyer's closing costs. Well, how much can the seller actually contribute? Of course, that depends on the type of loan, and a few other factors too. It's important that the seller contribution is not too much or too little, so here are a few guidelines to consider: Maximum Seller Contribution:
There are three main types of loan programs, FHA, VA, and Conventional. On an FHA loan, the seller can pay (2 comments)