Freddie Mac Maximum Seller's Concessions Allowed
Can someone supply a link to where it states what Freddie's maximum allowed seller's concession or buyer's cost help is? I cannot find it anywhere. I have been told by execs at Fannie that there's is a 3% max, but no info on Freddie. Thank you!
Replies to This Discussion
-
Permalink Reply by Bryant Tutas on
-
I've had Freddie pay 3% on numerous occasions. Most lenders/investor will allow 3% with no issues. I have had 6% approved but that was several years ago. My sellers won't accept offers requesting more than 3%.
You can find Freddie guidelines on the FreddieMac group on this site. http://shortsalesuperstars.com/group/freddiemac
-
Permalink Reply by Kevin - Greenville, SC on
-
Freddie allows for a 9% total of ALL closing costs, but as Bryant said I would stick with 3% or bellow for Seller Paids.
-
-
Permalink Reply by Brent Innocenzi on
-
OK. Thank you. I have always advised 3% max. I have a Realtor that I am help and she just gave me a contract that has 6% in CC help. So, I wanted to be able to show her in writing. Thanks for the comments!
-
Permalink Reply by Ron Scribner on
-
Go to freddie's website and search for "Allregs". All of the servicing guidelines are on there.
© 2024 Created by Short Sale Superstars LLC.
Powered by
**********************************
like buttons