Realtor Contribution to Closing

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This topic contains 2 replies, has 3 voices, and was last updated by  TTrumble 5 days, 19 hours ago.

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  • #48812

    Our real estate broker is offering an incentive on our closing because we are selling our current home with them and buying a new one with them. Does this count as a “Buyer” contribution in terms of the 7% limit?

    #48813

    southflorida
    Member

    yes! that’s possible but it’s still considered as your funds

    #48826

    TTrumble
    Member

    Hello BakerTheBaker,

    Yes, the realtor contribution will count toward your seven point cap. Anything that isn’t either the bank match or a seller contribution is considered part of the buyer’s contribution.

    Tim Trumble
    Online Operations, NACA
    ttrumble@naca.com

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