Finance
In Arizona, seller-paid closing costs (concessions) on a conventional loan are limited to a percentage of the purchase price based on the buyer's LTV. For LTVs greater than 90%, the maximum seller contribution is:
A6% of purchase price
B3% of purchase price✓ Correct
C2% of purchase price
DNo limit on seller contributions
Explanation
Fannie Mae/Freddie Mac guidelines limit seller contributions for conventional loans: LTV > 90% = 3% max; LTV 75.01–90% = 6% max; LTV ≤ 75% = 9% max.
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