Did you know that a seller will sometimes contribute closing costs to a person buying their home in order to help make purchasing that home easier? Don’t fall for the myth that it takes a lot of money to buy your next home. Let’s discuss your situation and I’ll help you make a plan!
Related Article Title: Excess Seller Contributions Applied to Paying Off Debt Question: If I have excessive seller contributions, can they be used toward borrower debt being paid off at closing? Answer: Unfortunately, not. Only VA allows a seller to pay off a borrower’s debts. Reference: 4000.1 II.A.4.d.iii.(H) and II.A.5.c.iii.(H) Inducements to Purchase are treated the […]