Is it legal for a home seller to pay my closing cost?
My real estate agent tells me yes, is he right? by PeterMorad from Costa Mesa, California. Aug 2nd 2010
Nic Netherton (ColoradoLender)
#15 ranked lender in Colorado - 57 contributions
No it is not illegal for the seller to pay all of your closing costs. Sounds like you need a new realtor.For financing in CA it is best to contact Greg Denny who is the #1 lender in California on this site. His number is (800) 335-6897 or email at gvdenny@sbcglobal.net
Christopher Stancato (Kyle Stancato)
#2 ranked lender in Washington - 64 contributions
Yes. They can pay all or part of your closing costs and pre-paid items. If you have questions give me a call. Take care,Kyle StancatoBayview Home Loans253-460-6000
Rudi Hofmann (CaPortfolioLoans)
#281 ranked lender in California - 380 contributions
Most lenders will allow up to 6% of the sales price for seller concessions.Happy funding, Rudi
Matt Davis (Matt Davis)
#151 ranked lender in California - 52 contributions
Hi Peter,Yes, your real estate agent is correct, if you would like a competitive quote for the pucharse of your home, please contact me directly at 888-PierWest(743-7937) X 701.Best,Matt Davis Matt@pierwestcapital.com
Crestico Funding (CresticoFunding)
#316 ranked lender in California - 340 contributions
Peter, depending on your lender and loan programs it is allowed for the seller to pay for up to 6% of your purchase price toward your Recurring and Non-Recurring closing cost
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