Closing Cost Credits

Tip: Please remember your buyers can only take closing cost credits for actual expenses and according to requirements and limits that vary by lender. Mike Shepherd reminds all not to overestimate the amount of closing costs that can be used, otherwise you could potentially be leaving money on the table that the buyer could have negotiated. It is important to consult with the buyer’s lender to ensure you understand what costs can be paid and the percentage limit when structuring an offer.