Banks Hard money loan Seller concession 
Realty Biz
MAY 24, 2021
You’ll still probably need a little help beyond that $1,000 in your bank account, but your mortgage lender will allow gifts from family members or friends to help you. To cover closing costs, negotiate a seller concession. Either way, you get to use owner-occupied financing, which means a down payment as low as 3%.
Realty Biz
SEPTEMBER 4, 2023
You’ll still probably need a little help beyond that $1,000 in your bank account, but your mortgage lender will allow gifts from family members or friends to help you. To cover closing costs, negotiate a seller concession. Either way, you get to use owner-occupied financing, which means a down payment as low as 3%.
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