How Much Can Seller Contribute To Closing Costs? Depending on the buyer’s loan-to-value (LTV) ratio and downpayment, a seller can contribute anywhere from 3% to 9% of the sales price in closing costs. FHA and USDA loans allow the seller to contribute up to 6% of the sales price toward closing costs, prepaid expenses, discount
Why Would A Seller Pay Repair Costs Under The Table? A buyer and seller’s real estate agents will be able to fill them in on the laws in their particular state, but in general a seller is responsible for paying to fix severe water damage or mold issues, to replace missing or broken smoke detectors,
Can You Use Seller Concessions Down Payment? Can you use seller concessions down payment? No, seller concessions cannot exceed closing costs. They can only be used to reduce closing costs. Seller concessions can’t be used towards the down payment, mortgage insurance or any other costs associated with the home. Can seller concessions be used to