Seller Concession
A seller concession is money the seller credits toward the buyer's closing costs as part of the purchase negotiation.
What Seller Concession means
Limits vary: FHA allows up to 6%, conventional 3%–6% depending on down payment, and VA up to 4%. Concessions reduce the buyer's cash without changing the price.
Florida example
A Florida buyer negotiates a 3% seller concession on a $350,000 home, applying $10,500 to closing costs. It's a common way to get into a home with less cash upfront in a balanced market.
What it is
A seller concession is money the seller agrees to put toward your closing costs. It lowers the cash you need at the table.
Loan programs cap how much a seller can contribute.
Why it helps
A concession can make a home affordable when your savings are tight. It is negotiated as part of the offer.
We help you structure a smart offer with concessions. Apply now and we will lower your cash to close.
Verify the details for your own situation against these government and agency sources: CFPB Owning a Home guide and HUD homebuyer resources.