Asked by Falcyon123, Riverdale, GA • Sat Oct 10, 2009
My builder (DR Horton) on a newly constructed property in Johns Creek GA for a 5 % downpayment is specifying that seller can only contribute upto 3 % at closing for a 30-yr conventional loan. Is this correct ? If I increase the downpayment to say 10%, will sellers contribution towards closing be a higher percent ?
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