A Seller Concession is a contribution from the seller that you can use towards closing costs and pre-paid escrow (taxes, insurance, interest). FHA loans also allow seller concessions to compensate for down payment assistance. Most loan programs have limits to the seller concession based upon the overall loan structure. This is a great tool to limit your down payment and cash needs at the closing.
What is a Seller Concession?
Manage Consent Preferences
We value your privacy and are committed to safeguarding your personal information. This website uses cookies and similar technologies to enhance your browsing experience, analyze site usage, and support our marketing efforts. You can choose to opt in or out of non-essential cookies below. To learn more, please visit our Privacy Policy.
Privacy Preferences Center
Targeting Cookies
These cookies track your online activity to help advertisers deliver more relevant advertising or limit how many times you see an ad. These cookies can share that information with other organizations or advertisers. These are persistent cookies and almost always of third-party provenance.
Performance Cookies
These cookies collect information about how you use a website, like which pages you visited and which links you clicked on. None of this information can be used to identify you. It is all aggregated and, therefore, anonymized. Their sole purpose is to improve website functions. This includes cookies from third-party analytics services as long as the cookies are for the exclusive use of the owner of the website visited.
Functional Cookies
These cookies allow a website to remember choices you have made in the past, like what language you prefer, what region you would like weather reports for, or what your username and password are so you can automatically log in.
Strictly Necessary Cookies
These cookies are essential for you to browse this website and use its features, such as accessing secure areas of the site. Cookies are important to the proper functioning of a site. To improve your experience, we use cookies to remember log-in details and provide secure log-in, collect statistics to optimize site functionality, and deliver content tailored to your interests. These cookies will generally be first-party session cookies. While obtaining consent for these cookies is not required, we share this information with you so you know what they do and why they are necessary.
We use cookies to remember users and provide the best possible experience. Some cookies are essential, others help us improve your experience through insights on how the site is used. Please visit our privacy policy for more information.