Seller Concession Calculator – SmartAsset – If that’s not possible, however, you can try asking for a seller concession. How Seller Concessions Work. A seller concession is a gift that a seller can offer a potential buyer to reduce the cost of buying a home. The money from the seller can then be put toward closing costs or homeowners association fees.
A no down payment mortgage allows first-time home buyers and repeat home buyers to purchase property with no money required.
FHA-backed loans are the go-to mortgage program for first-time home buyers. It seems VHDA has made them even better with this program. Rather than the standard 3.5% fha down payment, a built-in.
Before the financial crisis, about 20% of new-car buyers fell into the trap. The penny-wise allure: Monthly payments for a.
If you’re a first-time home buyer then one of big decisions (and the first) you will need to make is what kind of mortgage you want. Before choosing things like fixed-rates or ARMs, you need to decide if you will get an FHA or conventional loan.
First-time home buyers in Washington can take advantage of special loan. Administered by government agencies – such as the VA or FHA – or, such as Fannie Mae and.