On the 203k streamline, is the 6% seller concessions calculated off of the sales price or the loan amount?

Asked by Denise Mann, Moyock, NC Wed Jun 16, 2010

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3
Robert Krop, Agent, Frederick, MD
Tue Oct 14, 2014
The seller concessions would be based on the purchase price.
0 votes
Lew Corcoran, Agent, Easton, MA
Thu Jun 17, 2010
The 6% seller concession is based on the sales or purchase price, not the loan amount.
0 votes
Rudy McDowell, Mortgage Broker Or Lender, Bloomfield Hills, MI
Wed Jun 16, 2010
Hi, Denise. The sales price.
0 votes
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