What is the maximum buyers closing costs a seller can pay? And can it be recurring and non recurring costs? 95% loan Fixed ra

If it is a conventional loan it's 3%. If you go FHA it is 6%

I'm assuming you' re doing a owner occupied purchase with 5% down on a conventional loan.. if that's the case, then 3% is the maximum.. if you put more down, the seller can contribute more as well.. up to 9% if you put more than 25% down. FHA allows up to 6% and no limit for USDA or VA financing.. the funds can be use for all costs associated with originating a mortgage except none of the concessions can be used for down payment.. 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. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com