What are seller concessions?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Seller concessions are funds the seller agrees to put toward your closing costs, prepaids, or a rate buydown. They reduce the cash you bring to closing rather than the price.
Each loan type caps how much a seller can contribute. We structure concessions into the contract — sometimes paired with a slightly higher offer price — to cover your costs efficiently.
Seller concessions explained
Seller concessions are funds the seller applies to your costs. They lower your out-of-pocket cash at closing. Programs set limits on the total allowed.
They can cover lender fees, prepaids, and sometimes a rate buydown. The right ask depends on your loan.
Putting concessions to work in Florida
When the market gives buyers room, concessions are powerful. They can even fund a temporary rate buydown. We match the request to your goals.
Tell us what matters most: lower cash or a lower payment. We will structure the concession to fit.