Seller Contribution Limits (For Interest Rate Buydown or Closing Costs)

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Seller Contribution Limits (For Interest Rate Buydown or Closing Costs)

Conventional Loans (Primary & Second Homes)
Limits are based on the Loan to Value:
  • Down payment less than 10% (LTV > 90%): Up to 3%
  • Down payment between 10% and 25% (LTV 75.01% – 90%): Up to 6%
  • Down payment greater than 25% (LTV ≤ 75%): Up to 9%
  • Investment properties: Capped at 2% regardless of down payment
FHA Loans
  • Up to 6% of the home's purchase price or appraised value (whichever is lower). This can cover closing costs, origination fees, discount points, prepaids, and upfront mortgage insurance.
VA Loans
  • Standard closing costs can be paid entirely by the seller without counting against a percentage cap.
  • Seller concessions (such as paying off buyer debts, buyer VA funding fees, or rate buydowns) are capped at 4% of the loan amount. 


Contact me directly for any scenario or pricing questions.

Bob McCormick, President

Office 800-328-1044

Email McCormickLending@gmail.com

www.McCormickLendingGroup.com

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