Finance
A New Hampshire seller who pays the buyer's closing costs as a seller concession must ensure the total concessions do not exceed:
A5% of the purchase price on all loans
BLender-imposed limits, which vary by loan type (e.g., FHA: 6%, conventional: 3% or 6% depending on LTV)✓ Correct
C10% of the purchase price on all loan types
DThere are no limits on seller concessions
Explanation
Seller concessions are limited by loan type. FHA allows up to 6%; conventional loans allow 3% (LTV >90%), 6% (LTV 75-90%), or 9% (LTV <75%); VA allows 4%.
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