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Updated over 8 years ago on . Most recent reply

User Stats

50
Posts
4
Votes
Mark Malevskis
  • Investor
  • Chicago, IL
4
Votes |
50
Posts

Seller Credit at Closing?

Mark Malevskis
  • Investor
  • Chicago, IL
Posted

Hello, 

Has anyone had experience doing a fannie or freddie small balance loan and having the bank allow seller credit at closing for repairs?

I've negotiated about 3% of the purchase price as credit back at closing, however, some banks I've talked to are pushing back against that idea. 

Any feedback would help!

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