Finance category
Mortgage, loan, investing, tax, and money calculators.
Seller Concession Limit Calculator
Each loan type sets a cap on the total credit a seller can contribute at close. Conventional: 3-9% by LTV. FHA: 6%. VA: 4% non-allowable + unlimited closing. Investment: 2%. This calculator checks your concession ask against the cap.
Allowed concession
$12,000
Maximum concession
$25,500
Overage (convert to price reduction)
$0
Cap %
6.00%
How the math works
$425K conventional LTV 75-90% has 6% cap = $25,500. $12K request is fine. If request were $30K, you'd cap at $25,500 and convert $4,500 to price reduction.
Always plan concession BEFORE writing the offer. Exceeding cap means last-minute paperwork changes that stall closing. Build to cap max or below.
How to Use
- Enter sale price, requested concession, loan type, and LTV.
- See allowed credit, overage, and suggested structuring.
Frequently Asked Questions
What counts as 'concession'?
Credits toward closing cost, prepaid items (tax/insurance), points, HOA fees for months at close. NOT concession: separately-funded repairs done by seller (just not a credit). Also NOT: price reduction.
What happens if I exceed cap?
Lender reduces the credit to the cap at close. Remaining credit can convert to a price reduction via amended contract — saves the deal but reduces your effective concession.
Can I use concession for down payment?
No. Concession covers closing cost only. Down payment must come from borrower (or gift/asset). Structuring concession as down payment is loan fraud.
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