Seller Help
Seller help is money you receive from the seller of a home that is used to reduce your closing costs. The seller’s help is negotiated with your Agent – please make sure to tell your Agent that you need seller help so they can negotiate this with the seller. Each mortgage loan program limits how much seller help you can receive. Below is a summary of typical seller help limits.
Conventional
| Property Type | LTV / CLTV Ratio | Maximum Seller Help |
|---|---|---|
| Principal Residence or Second Home | >90.01% | 3% |
| 75.01%-90% | 6% | |
| 75% or less | 9% | |
| Investment Property | All LTV / CLTV ratios | 2% |
FHA
| Property Type | LTV/CLTV Ratio | Maximum Seller Help |
|---|---|---|
| Principal Residence only | All LTV / CLTV ratios | 6% |
VA
| Property Type | LTV / CLTV Ratio | Maximum Seller Help |
|---|---|---|
| Principal Residence only | All LTV / CLTV ratios | unlimited |
**Limits subject to change. Seller help cannot exceed total closing costs and borrower must come up with borrower’s entire down payment amount.
LTV – Loan-To-Value
CLTV – Combined-Loan-To-Value
