Can the seller pay my closing costs?

Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker

Yes. Sellers can contribute toward your closing costs through seller concessions, which lowers your cash to close. Limits depend on the loan: FHA up to 6%, conventional 3% to 9% by down payment, VA up to 4% plus all costs.

We negotiate these credits into your offer so more of your cash stays in your pocket at closing.