LEARN HOW THE SELLER CAN HELP PAY YOUR CLOSING COSTS!
Looking to buy a home but don't know how to come up with the money to do so? Don't worry, we have you covered!
Based on FHA and Conventional Loan Rules, the seller can help pay a portion of your closing costs in order to help you buy the home(called Seller Concessions). Seller Concessions are based on a % of the purchase price.
FHA Maximum with 3.5% Down Payment - 6%
Conventional Maximum w/5% Down Payment - 3%
Conventional Maximum w/10% Down Payment - 6%
For example... If you are using a FHA loan to purchase a house for $100,000, the seller could give back to you 6% or $6,000 towards your closing costs! If you are using a Conventional Loan with 5% down, the seller could give back to you $3,000 towards closing costs. With 10% down Conventional it would be $6,000!
In most cases, Seller Concessions can be use in conjunction with Grant Programs like HomeHeadQuarters, who offer $3,000 closing costs assistance!
Using these programs you can practically get you into a home with very little money out of pocket and pay a monthly mortgage payment much less than today's Rent. Plus, you can write off the interest and taxes on your yearly income taxes for even more advantages you won't find when renting.
If you would like to learn more, please contact us today at 315-752-9513 or Email Us Here.
Popular Property Search
Super Ranch with 3 Good sized bedrooms with lge closets. Convenient Eat-In Kitchen open to large Living room with picture window!! Home is larger than it looks!!,and i...
- 3 Beds
- 1 Baths
- NYS-S1196960 MLS
You don't want to miss this opportunity for one-level living!! This 3 bed/2 bath RANCH has everything that you have been looking for with the open concept layout, HARDWOO...
- 3 Beds
- 2 Baths
- NYS-S1211037 MLS
A great opportunity featuring this Tipperary Hill single family home. The home has served the sellers needs perfectly and they look forward to a new owner building the sa...
- 4 Beds
- 1 Baths
- NYS-S1185473 MLS
Over 1200 square feet of living space in this quaint home in the village of Camillus. The homeowener has already updated a lot of the major items: all new sewer line from...
- 2 Beds
- 1 Baths
- NYS-S1197793 MLS
Don’t miss this Wonderful 3 bedroom Ranch. Located in a quiet neighborhood right down the road from the beautiful village of Baldwinsville this gem is also close t...
- 3 Beds
- 1 Baths
- NYS-S1210504 MLS
You will be impressed the minute you walk in the front door to see a home loaded with charming details and many updates. The large foyer welcomes you in to see the natura...
- 3 Beds
- 1 Baths
- NYS-S1204265 MLS
Welcome Home! This ranch features an open concept floor plan and is move in ready! Updates include new kitchen with white cabinets, stylish backsplash, full bath remodel,...
- 2 Beds
- 1 Baths
- NYS-S1207432 MLS
Great Village colonial ready for new owner! Home offers 3 bdrms, 1.5 bath, formal dining room leading to deck overlooking fully fenced private yard. Full attic which can ...
- 3 Beds
- 2 Baths
- NYS-S1210325 MLS
Are you looking for a home near green spaces to enjoy? If so, this is your opportunity! Burnett Park is just around the corner and you can see the 12 acre James Pass Arb...
- 3 Beds
- 3 Baths
- NYS-S1196118 MLS
Stunning home just oozing with charm! Prepare to be really impressed upon entering the warm, Center Hall Colonial, to the double “tree lined” cornet lot! ...
- 3 Beds
- 2 Baths
- NYS-S1159301 MLS
Address Search
YAY OR NAY SHOW - REAL INVESTMENT DEALS BROKEN DOWN INTO SIMPLE MATH!
Search Area Listings In...
Community Real Estate Reports
