10/20/2026
Think your down payment is the only expense you need to prepare for when buying a home? Think again!
When purchasing a home, there are a few additional costs to consider beyond your down payment, including closing costs, appraisal fees, title fees, prepaid property taxes, and homeowners insurance.
But here’s something many homebuyers don’t know… Seller concessions could help cover some of those expenses! 👀
Seller concessions are when the seller agrees to contribute toward certain buyer closing costs, helping reduce the amount of cash you need to bring to the closing table.
And the best part? You may have more options than you think!
Working with an experienced mortgage professional (like us) can help you understand your total cash-to-close, explore available loan programs, and determine how seller concessions might work in your favor.
Before you start house hunting, let’s talk numbers and make sure you know exactly what to expect!
Seller concessions are subject to loan program limits and transaction requirements. They generally cannot be used toward your required down payment.