Let’s make the payment work!

Rates just went back over 7%. Here's how buyers can make the payment work. 🏡

In this market, a lot of sellers are open to paying some of the buyer's costs, called seller concessions. That money can cover closing costs or buy down the interest rate, which often saves more each month than a price cut would.

How much a seller can contribute depends on the loan:

🇺🇸 VA: up to 4%, PLUS normal closing costs and discount points on top

🏠 FHA: up to 6%

🌲 USDA: up to 6%

💼 Conventional: 3% to 9%, depending on the down payment (3% if under 10% down)

Veterans, VA gives you the most room of any loan type to negotiate. On a $600K home, that 4% alone can be up to $24,000, and that's before closing costs.

Wondering how this could lower your monthly payment? Send me a message and let's run the numbers together.

#PierceCounty #VALoans #TacomaRealEstate #JBLM #FirstTimeHomeBuyer #LegacyHomesPNW

*Concession limits are set by each loan program. Confirm details with your lender.