Finance
A Nebraska homebuyer applies for an FHA loan. The maximum seller concessions allowed are:
A3% of purchase price
B4% of purchase price
C6% of purchase price✓ Correct
DThere is no limit
Explanation
FHA allows seller concessions (contributions toward buyer's closing costs) up to 6% of the purchase price. Conventional loans typically limit seller concessions to 3% (with LTV over 90%) to 9%.
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