how much can seller contribute to closing

Fha allows upto 6% seller contributions. Watch the loa limit for linn county. You might be better with a different loan product with the down payment you will need. Conventional only allows 3%

FHA allows 6%. On a $300K sales price that's $18,000.In the current market it could be difficult to get a seller to agree to credit this much. There are other options. Call me and we can discuss your situation in greater detail.

A Seller can contribute up to 6% of the sales price for an FHA Government loan. The 6% can only cover the closing costs and escrow pre-paid items...and never any of your required 3.5% down payment of the purchase price.If you would like me to email you a specific Loan Comparison to help you understand your loan options, I will be happy to help. Note: There is no cost or obligation for you to explore your lending options with local mortgage professionals such as myself. You are free to explore and free choose. I encourage you to take the time to become fully informed of your lending options, and to make sure you have your 'ducks in a row'.Feel free to call.Randy FreeMortgage Advisor NMLS# 283930Opes Advisors, Inc. NMLS# 2355844710 Village Plaza Loop, Suite 210, Eugene, OR 97401(541) 984-5428 Direct Phone

6% on an FHA loan. Gemember that this can only be towards closing costs, not the down payment.

Max is 6% seller credit towards closing costs and escrows, CAN NOT be towards down payment...

FHA allows up to 6% of the purchase price, but may not exceed actual costs. For other programs, the maximum "seller paid" closing costs depends on the loan type (FHA, VA, USDA, Conventional), and potentially the down payment size. Consult your local mortgage broker for more details and information on your particular case. In MN, WI, and SD, visit www.JoeMetzler.com

6% as others have said, which is likely more than you really need. A good mortgage lender will suggest an amount or % of the purchase price to negotiate for when they pre-approve/prequalify you for the loan.

FHA allows a maximum of 6% but they also have a maximum loan amount of $271,050 for Linn County, so unless your plan is to put nearly $30K down, you wont be able to go FHA.. Also understand that the 6% cannot be used as down payment, but only closing costs associated with the purchase.. 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