Coldwell Banker Preferred-Old City
223-225 Market st
Philadelphia, PA 19106
The seller assist is towards closing costs and pre-paid taxes and insurance. If there is only $12,430 in closing costs then the seller assist will be limited to that amount. If that happens I suggest paying a higher origination charge on the mortgage to lower the interest rate and thereby not lose somer of the seller assist.
Cornerstone Lending Inc
Southampton Pa 18966
215 953 0800
cell 267 992 7276
VOTED BEST IN BUCKS 2010 & 2012
NMLS ID 143960
Greater than 90% LTV = 3%
75.01% â€“ 90% = 6%
75% or less = 9%
Investment properties are capped at 2%
Therefore the $13,200 would only be allowed on a FHA mortgage or a conventional mortgage with at least 10% down.
Your lender should be able to explain these figure to you in exact figures!