Does fannie mae allow lender credit to pay for closing costs?

Absolutely, you can use a lender credit to pay closing costs with conventional loans. Call me if you would like more detail. 214-360-9991

Yes!

Yes.. it's done by selecting a higher than par rate and the added revenue generated by the higher rate is given back to you in the form of a "Lender Credit".. it's done all the time and is allowed on all conforming loan products. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Yes the Lender can pay give you a lender credit to pay closing costs.

Sure, closing costs and/or prepaids and escrows. That does usually mean a somewhat higher interest rate for you.

Yes and it's a normal practice too. Usually, for every .125% you raise your interest rate you will receive a higher credit to go towards your closing costs. The amount will depend on that days pricing and is a percentage of your loan amount. Talk with a local lender, share your info and have them present you with all of your options so you can pick the one that is right for you. Best wishes, Sean

Yes... that is exactly how every lender can offer a "low cost" or no closing cost loan. Of course nothing is free.. to get the lender credit of closing costs, you do so by accepting a higher interest rate.