Forgotten Your Password?

Need to Register?

Question Icon

seller credit for conventional loan

by toufiq_824_944 from , . Jan 10th 2013 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

With Conventional financing, the maximum allowable seller contributions are tiered based on your down payment.. The maximum being 9% if you're putting down 25% or more.. If you're purchasing as an investor, the no matter how much you put down, the maximum is 2%. ..I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Jan 11th 2013
1
0
Edgar Aranda (earanda)
#755 ranked lender in California - 93 contributions

What is the question? Seller credits are allowed. They must be negotiated by your realtor at time of making your purchase offer.

Jan 11th 2013
0
0
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions

Sellers can pay up to 3% of the purchase price of the buyers closing costs.

Jan 11th 2013
0
0
J.D. Peck (TheJDPeckLendingTeam)
#44 ranked lender in Colorado - 82 contributions

Is there a question?

Jan 11th 2013
0
0
Lorne Harvey (lorneharvey)
#77 ranked lender in Washington - 439 contributions

On a conventional loan, the seller can contribute up to 6% toward the buyers closing costs, pre paid items and reserves.

Jan 11th 2013
0
0
Carlo Sanchez (MortgageLendingPro)
#0 ranked lender in Utah - 1,163 contributions

Yes, You can get them

Jan 11th 2013
0
0
Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions

Allowable sellers concession for Conventional loans are based on the % of downpayment.

Jan 11th 2013
0
0

ICC Mortgage And financial Services, Is a sincere and certified private Loan company approved by the Government, we give out international and local loans to all countries in the world,Amount given out $2,500 to $100,000,000 Dollars, Euro and Pounds.We offer loans with a dependable guarantee to all of our clients. Our loan interest rates are very low and affordable with a negotiable duration.Available nowMORTGAGE, PERSONAL, TRAVEL, STUDENT, EXPANSION OF BUSINESS AND NEW UNSECURED, SECURE, CONSOLIDATEAND MOREApply for a loan today with your loan amount and duration, Its Easy and fast to get. 4% interest rates and monthly installment payments.morethanlending@gmail.comRegardsEric Jones

Jan 10th 2013
0
1
Subscribe to our news feed.