Finance
What is the maximum seller concession allowed on a conventional loan with a down payment between 10% and 25%?
A3%
B4%
C6%✓ Correct
D9%
Explanation
For conventional loans with a down payment of 10% to 25%, seller concessions are generally limited to 6% of the purchase price. With less than 10% down, the limit is 3%; with more than 25% down, it is 9%.
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