What is a seller concession?

A seller concession is money the seller agrees to credit toward your closing costs, prepaids, or rate buydown. It lets you keep more cash by rolling costs into the deal rather than paying them out of pocket.

Limits vary by loan: FHA allows up to 6%, conventional 3% to 9% depending on down payment, and VA up to 4% plus all closing costs. We negotiate concessions into your offer to lower your cash to close.

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