EQUITY NOTES 0 Report post Posted July 14, 2010 Hi All when fha is used and we are allowed a 6% seller concession with the rent credits, it that 6% of the home price or 6% of the monthly rent? I did copy pilots topic but this was a question i had, hope iam not sounding stupid Thanks,Tom Share this post Link to post Share on other sites
mwds120 1 Report post Posted July 5, 2012 I think the 6% seller concession you're thinking about is supposed to be a seller concession for 6% of the contract price. Share this post Link to post Share on other sites
pilot76180 51 Report post Posted July 8, 2012 FHA allows 6% of the sales price for a seller concession. Unless there are some exceptions, conv. is maxed at 3% now. Share this post Link to post Share on other sites