Author: Dolores Weaver

Seller Concessions to Close the Transaction

Written By: Delores Weaver

Are your borrowers/buyers lacking funds to close the loan? Did you know that borrowers can receive “concessions” from the seller to help with the purchase of their home. FHA will allow up to 6% of the sales price while conventional lenders permit 3% for seller concessions. This is an essential part of closing your deal and makes the home sale flow smoothly to closing.

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