Updated over 13 years ago on . Most recent reply
Help with Seller Concessions
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.