Home > Our Blog > What can a seller pay towards my closing costs?

What can a seller pay towards my closing costs?

I get this question all the time. What can a seller pay towards my closing costs? Here are just some of the ways to figure this. If you are doing a conventional loan and are only putting down 5%, the seller is limited to pay only 3% towards your closing costs, points, prepaid items and title. But, if you are putting down 10% or more, the seller can pay up to 6% towards these same items. FHA will allow the seller to pay up to 6% towards closing costs, points, prepaid items and title regardless of the down payment. A VA loan does not have a maximum amount that the seller can pay towards a buyer’s closing costs. Also, Rural Development does not have a limit on what the seller can pay for the buyer’s closing costs, pre paid items, points and title. If you have questions, please leave a comment, and I will be happy to help!