Conventional Loan Closing Credit Question

[Kyle S.]

Hello everyone,

I am purchasing a duplex that is fully leased and the seller has decided to credit me the security deposit ($600) and rent ($1200) for the month of October at closing to be reflected on the HUD.

Since there is a rule with conventional loans that states the seller can only contribute up to 2% towards buyers closing costs and pre-paids will accepting the rental and security deposit credit of $1800 from the buyer at closing be affected by this rule since I have already negotiated that the seller pay 2% towards my closing costs and pre-pre-paids? Thank you.