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Seller/Interested Party Contribution Towards Buyers Loan Cost Limits Definition of Seller/Interested Party Contributions - are not limited to: origination fees; discount points; underwriting fee; tax service fee; processing fee; application fee; appraisal costs; survey charges; title insurance premiums or other related escrow charges; real estate tax service fees; funds to subsidize a temporary or permanent interest rate buydown; and prepaid items such as - interest charges (maximum 30 days), real estate taxes covering any period after the settlement date (only if impounded by servicer for future payments), hazard insurance premiums (maximum 14 months) FHA Seller/Interested Party Contributions
- Seller/Interested party contributions are limited to the lesser of 6% of sales price or appraised value, whichever is less.
VA Seller/Interested Party Contributions · The seller, lender, or any other party may pay fees and charges, including discount points up to 4% of sale price or appraised value, whichever is less. Conventional Seller/Interested Party Contributions | LTV /CLTV | Maximum Seller/Interested Party Contributions* | Primary Residence and Second Homes | | | 75.01-90% | 6% | < 75% | 9% | Investment Property | All LTV's/ CLTV's | 2% | * Lesser of sales price or appraised value. |
Contributions can change without notice Revised 10/1/08
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