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Seller Contribution

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Seller Contribution

A contribution to a borrower's down payment or settlement costs made by a home seller, as an alternative to a price reduction.

See Down Payment/Home Seller Contributions.



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Amongst these guidelines are included a surprising and liberal allowance for "undocumented income", expanded seller contribution tolerance, and a complete absence of saving and asset reserve requirements.
However, when seller contributions of about $7,500 were deducted, the actual gain was closer to 2.
MOIC will insure loans with loan-to-value (LTV) ratios up to 103 percent, depending on a borrower's credit; and seller contributions and gifts or grants may be used to cover a portion of down payment and closing costs.
 
 
 
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