Costs & PMI
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.
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