Mortgage – VA Seller Paid Closing Costs

VA mortgage guidelines set forth different limitations with regard to VA seller paid closing costs.  There are 3 different categories that dictate who can pay for the different closing costs associated with an Arizona VA home loan. The 4% Concessions Limit VA Mortgage Lenders will allow an AZ veteran buyer to receive up to 4% of the appraised value (not the purchase price) in the form of seller concessions (see section 5d "The Four Percent Limit" in VA's official rule-book).  For example, if a … [Read more...]