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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
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