What's the max a seller can contribute to the buyers closing costs? Is this common?

6% on an FHA loan and 6% conventional loan with 10% down or more, 3% conventional if less than 10% down

Peter is spot on.. I will just add that because of the current housing market and the limited amount of inventory, most sellers are not paying closing costs.. A good real estate agent can manage it even in this sellers market.. Also, a good loan officer can find a way to help with the costs through lender credits.. so having the right team on your side is crucial if you have limited funds.. .. 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

The other lenders that responded are correct. It varies depending on the type of loan the buyer has applied for and, in some cases, the amount of down payment. These restrictions are made by the entity that will ultimately insure, guarantee or purchase the loan so all lenders play by these same rules. If there is a specific issue you are looking to find a solution to please email me. I work for a Fannie Mae/Freddie Mac direct lender in Albuquerque and lend throughout NM. Charlie Sparks, charlie@pinnaclecapitalnm.com MLO# 195031 An equal housing lender.

max seller concessions vary depending on the program, In a nutshell,FHA- 6%VA -6%USDA - 6%Conventional- 3%investment - 2%emarez@thefederalsavingsbank.com

6% FHA and VA, 3% or 6% on conventional, depending on downpayment.