Yes, sellers can pay for mortgage discount points as part of a seller concession, up to the allowable concession limits for your loan type.
FHA allows up to 6% seller concessions, conventional 3-9% depending on down payment. Include the point purchase in your purchase contract.
Concession Limits by Loan Type
Patrick Kevin Fagan explains concession limits by loan type for homebuyers in San Antonio and the Texas Hill Country. A detailed breakdown of using seller concessions to buy down your mortgage rate.
Contract Language
Patrick Kevin Fagan explains contract language for homebuyers in San Antonio and the Texas Hill Country. A detailed breakdown of using seller concessions to buy down your mortgage rate.
Negotiation Strategy
Patrick Kevin Fagan explains negotiation strategy for homebuyers in San Antonio and the Texas Hill Country. A detailed breakdown of using seller concessions to buy down your mortgage rate.
vs Price Reduction
Patrick Kevin Fagan explains vs price reduction for homebuyers in San Antonio and the Texas Hill Country. A detailed breakdown of using seller concessions to buy down your mortgage rate.
Math Comparison
Patrick Kevin Fagan explains math comparison for homebuyers in San Antonio and the Texas Hill Country. A detailed breakdown of using seller concessions to buy down your mortgage rate.
