Seller concession caps on conventional loans and how we size credits so you close with less cash. The 2 Mortgage Guys at Luminate Bank, nationwide.
Home
Conventional Loans
Seller Credits
Yes. Conventional loans allow seller concessions toward closing costs, prepaids, and discount points — up to limits that usually depend on your down payment and occupancy. Structured well, seller credits can sharply cut cash to close.
The purchase contract sets the credit; loan guidelines cap how much can be applied.
Exact limits depend on LTV and occupancy — we confirm on your file.
Balance price, repairs, and credits together.
We size the credit to what guidelines will actually allow on your loan.
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Ryan or Steve can estimate your closing costs and the maximum seller concession your conventional loan allows.