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Seller Credits for Closing Costs

Remember that at most lenders, we can use Seller Credits for Nonrecurring and Recurring Closing Costs (this includes Impound Accounts).

Closing Cost Credits can be up to 9% of the purchase price if the LTV is 75% or less (for conventional loans).

FHA still allows 6% seller credits, even if the LTV is 96.5%.

Investment Property Financing only allows credits of up to 2% of the purchase price.

Jay Voorhees
Founder/Broker | JVM Lending
(855) 855-4491 | DRE# 1197176, NMLS# 310167