With all the mortgage rules changes, I know it’s difficult to keep updated on exactly how much money a seller can contribute to helping a client buy a home. Here’s a handy chart that covers all the loan programs and the percentage the seller can pay.
| FNMAFHLMC | FHA | VA | USDA | |
| Owner OccupiedLTV/CLTV 90.01 or greater75.01 to 90.0075.00 or less | 3%6%9% | 6%Maximum all loans | 4%Closing cost & points Plus up to 4% sales concession Total: 8% | No Seller Contribution Limit* Closing cost can also be financed up to 100% of appraised value. |
| Non-Owner Occupied | 2% Maximum all LTV’s | N/A | N/A | N/A |
| FNMA Homepath | Follow standard maximum’s with the exception of LTV’s over 90% allow up to 6% concessions | N/A | N/A | N/A |
