Finance
In Pennsylvania, what is the maximum seller concession allowed on a conventional loan with a loan-to-value ratio of 90%?
A2%
B3%✓ Correct
C6%
D9%
Explanation
For conventional loans with LTV above 90%, Fannie Mae and Freddie Mac guidelines limit seller concessions to 3% of the sales price. This limit is important for Pennsylvania buyers using conventional financing.
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