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Updated almost 13 years ago on . Most recent reply

User Stats

10
Posts
1
Votes
Russell T.
  • Investor
  • New Baltimore, MI
1
Votes |
10
Posts

Help with Seller Concessions

Russell T.
  • Investor
  • New Baltimore, MI
Posted

Finally closing on my first Investment property tomorrow, SFH Buy & Hold. My offer is $57,000 20% dn & 3% seller concessions. Today I get a call from my loan officer telling me that 2% is max on investment properties. Fortunately 1% = $570 is a cheap lesson (rather have it in my pocket).

Is there a way around this 2% or for future deals do i just ask for the 2% and offer less for the house.

This is a Conventional loan.

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