Mortgage Brokers in Queens Brooklyn Bronx Manhattan Nassau Suffolk County Long Island

Mortgage Brokers in Queens Brooklyn Bronx Manhattan Nassau Suffolk Westchester County Long Island & Staten Island. Dealing in commercial mortgages, refinancing & loans

Sellers Concession

Sellers concession is defined as the seller agreeing to pay any of the buyer’s closing costs and/or prepaid items. The maximum amount allowed on conventional loans is based on loan to value.

1-4 unit up to 100% CLTV owner occupied, varies, up to 6%
1-2 units up to 100% CLTV non-owner occupied, varies, up to 6%
3-4 units at 100% CLTV non-owner occupied up to 2%
3-4 unit at 100% CLTV non-owner occupied, varies, up to 6%
Applies only to a purchase.