[quote=HLS]
You can get seller credits on FHA OR FNMA. HLS[/quote]
What percentage of the selling price (6% or?) can these credits be?
What is the stated/unstated purpose of these credits?
Is the amount of these credits recorded as part of the price of the house (e.g. if a house is priced at $100K, and the seller credits the buyer $6,000, is the price recorded as $100K or $94K)? If it’s recorded at $100K, isn’t the lender concerned that the prices do not reflect reality?
