3 percent seller concession FHA

Real Estate Agent with AVALAR Pro Realty

Quiestion? Does anyone know about the new FHA three percent cap and its guidelines? The reason for the question is because most times with pre paids and closing cost three percent will take care of it. Here is when the issue will come into play. What about the one year home warranty and termite? When this be considered a seller concession or will you be able to allow seller to pay outside concessions?

Comments (2)

Rosemary Brooks
BMC Real Estate - 209-910-3706 - Stockton, CA
The Mother & Daughter Realty Team

I am not familiar with outside concessions.  Do a search on FHA on Activerain you should find it.

Apr 17, 2010 06:15 AM
Adam Malachi
A 2 Z Realty LLC - Castle Rock, CO

Excellent post! I do not think the sellers are allowed to pay outside concession on a FHA loan!

Thanks for sharing,


Jun 16, 2010 09:16 AM