Can I combine down payment assistance with a seller credit?

In most cases, yes, you can combine down payment assistance with a seller credit, but there are limits and rules that vary by program and loan type. Some down payment assistance programs have caps on the total amount of seller concessions you can receive, and the combined benefits cannot exceed your actual closing costs and prepaids in many cases. Lenders also impose maximums on seller credits based on loan type and down payment amount. The order in which funds are applied matters too, as some assistance must be used for specific costs before seller credits can cover others. The specifics depend on your situation and a licensed lender should confirm, and Jon can connect you with one.

Specifics depend on your situation and should be confirmed with a licensed lender. Jon can connect you with one: text (623) 826-0888.