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How Much Can Seller Concessions Give on an FHA Loan in California?

It’s pretty amazing that you’ve saved up a good amount for a down payment on the average priced home in Southern California. Then you find out how much closing costs are during the pre-approval process. You realize this might cut into your reserves fund. Suddenly money is a barrier between you and the home you want to buy. Well, fortunately, you may be able to still get the home by negotiating with the Seller about certain costs What are FHA Seller Concessions? Concessions from the seller on an FHA govt. insured loan are the following: It’s considered a sellers contribution if the sellers pays for all or part of:Buyers closing [...]

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How Much Can Seller Concessions Give on an FHA Loan in California?

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