Housing Wire

JULY 11, 2025

As the top VA purchase loan officer for the last two years, I have seen the solution. If the buyer was a veteran with a VA loan, I could have the buyer ask the seller to pay all their closing costs and up to 4% towards the homebuyer’s debt. Simple, you can only do it with VA loans.

Debt-to-income ratio

Redfin

JUNE 27, 2025

Seller concessions refer to closing costs or other fees that the seller agrees to pay on the buyer’s behalf. These concessions are negotiated during the offer process and help make the purchase more affordable for the buyer, without reducing the home’s sale price. What are seller concessions in real estate?

Seller concession

Redfin

FEBRUARY 18, 2025

Higher monthly payments: While your upfront costs are lower, your monthly payments will be slightly higher because of the larger loan amount. VA loans A VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA). This is called a seller concession.

Closing costs

Redfin

FEBRUARY 20, 2025

On average, sellers typically pay between 6% and 10% of the homes sale price in total closing costs. This percentage includes real estate agent commissions, title insurance, escrow fees, and potential seller concessions. Heres a general estimate of different seller closing costs: Expense Typical Cost Who Pays?

Closing costs

The Mortgage Report

JULY 1, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? But not everyone can afford to put 20% down.

Loans

Redfin

JULY 24, 2025

According to the National Association of Realtors , 52% of first-time buyers used a conventional loan to finance their home, while 29% used an FHA loan, and 9% used a VA loan. The share of first-time buyers using an FHA loan has declined from 55% in 2009 to 29% in 2024.

FHA loan

Redfin

MARCH 18, 2025

This is more common with VA loans or USDA loans, which require no down payment. If youre using a VA or USDA loan, you dont have to make a down payment. You received seller concessions or lender credits. You may receive a refund. That means youll receive $1,000 of earnest money back.

Closing