Sellers concession is defined as the seller agreeing to pay any of the buyer’s closing costs and/or prepaid items.  The maximum amount allowed on conventional loans is based on loan to value.

• 1-4 unit up to 100% CLTV owner occupied, varies, up to 6%
• 1-2 units up to 100% CLTV non-owner occupied, varies, up to 6%
• 3-4 units at 100% CLTV non-owner occupied up to 2%
• 3-4 unit at 100% CLTV non-owner occupied, varies, up to 6%
• Applies only to a purchase.