Tag Archive : VA non allowable closing costs

How much can seller pay towards Buyer’s closing costs on a VA loan?

       Uncategorized / VA Loans

There’s much misunderstanding in the Lending industry, even amongst Loan Officers and Underwriters regarding how much the Dept of VA allows a Seller to contribute. The confusion arises from misinterpreting  the VA’s definition of “Seller concessions”. You see, in the VA’s eyes, the term seller concession does NOT apply to normal closing costs- it is anything other than normal closing costs…… Read More »