Assertion: seller concession | /r/HasProperty | limited
Facets:
value: to a total of six percent
type: OTHER
Source sentences:
text: Seller concessions are limited to six percent of the sale price of the home and while the concessions can be used to pay some of a borrower’s closing costs, these funds can never be used as a down payment for an FHA mortgage.
text: In addition, HUD is now seeking to reduce allowable seller concessions in order to protect FHA and borrowers from the impacts of inflated appraisals."At present time, seller concessions are still limited to a total of six percent.