Have you heard of a Seller Credit? When you purchase a home, the seller of that home may offer you a credit. Yep! It’s true! This credit can be used to help you with closing costs or other items. If this sounds interesting, let’s talk. I’m happy to step you through how this works.
Related Article Title: FHA Seller Credit – What Can It Be Used For? Question: We have an FHA loan where the seller credit is under the required limit. However, the credit exceeds the actual closing costs and prepaids. The borrower would like to use this residual to pay for the buy-out on his apartment lease. […]