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!
American Home Bank
20460-4 Chartwell Center Drive
Cornelius, NC 28031
Office: 704-895-1002 Ext 1
Apply online at:
American Home Bank a division of First National Bank of Chester County
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