Max Seller Concessions for Conventional Loans!

All of my Realtor Referral partners have been asking me what the max seller contribution guidelines are for conventional loans lately.

 I thought I would post the table for everyones convenience.

 Occupancy                                    LTV                                     Amount

 Owner Occupied                  Over 90% to 95%                  3%

Owner  Occupied                  Over 75% to 90%                  6%

Owner Occupied                   75% and below                       9%

Second Home                        Over 75% to 85%                 6%

Second Home                        75% and below                      9%

Investment Property             All LTV's                               2%

I hope it helps to get another buyer in to a new home!

Gabriel Libutti

20460-4 Chartwell Center Drive

Cornelius, NC 28031

Cell: 704-657-6192

Office: 704-895-1002 Ext 1

Fax: 1-877-415-1460
glibutti@bankahb.com
Apply online at:

http://glibutti.bankahb.com

American Home Bank a division of First National Bank of Chester County

"We Help Build Your Future"

Still lending strong in all 50 states!