Forgotten Your Password?

Need to Register?

Question Icon

What is the most FHA allows the seller to contribute to the closing costs?

by hling907 from Bronx, New York. Jul 31st 2019 Reply


Thomas J. Liolos (tliolos)
#38 ranked lender in New York - 16 contributions

FHA will allow 6% of the purchase price to be contributed towards your costs. At the same time - you need to contribute 3.5% of the purchase price yourself - so both have to be adhered to,. If 6% causes you to contribute less than 3.5%, then the sellers concessions will be reduced.

Jul 31st 2019
0
0
Subscribe to our news feed.