How much can a seller contribute to closing costs?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
It varies by loan: FHA allows up to 6% of the price, conventional allows 3% to 9% depending on your down payment and occupancy, and VA permits up to 4% in concessions plus all standard closing costs.
The contribution can't exceed your actual costs. We'll calculate the maximum useful concession for your loan and write it into the offer.
Seller contribution limits
Limits depend on your loan and down payment. Conventional allows 3% to 9% based on how much you put down. FHA caps around 6%. VA has its own rules.
You cannot pocket leftover concession money. It only offsets real costs, so the ask should match your actual fees.
Getting the most in Florida
Knowing your cap lets you negotiate smartly. Ask for what the program allows and your costs justify. We calculate the sweet spot.
Bring your loan type and estimated costs. We will tell you the exact contribution to request.