VA allows up to 4% in seller concessions, and closing costs are not included in that calculation (but prepaid items are). As long as the amount of your concession plus the amount of the prepaid items does not exceed 4% of the value of the property, the seller can pay!
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Answer: [tweet-start]VA looks at seller concessions a little differently than other types of financing. Contact me and I will explain![tweet-end] VA loans are extremely unique in the allowable costs they will let a seller pay. There are several (again, unique) ways that these extra funds can be used. VA allows up to 4% in seller […]