Video Transcript:
You save for a down payment, thinking you are ready. Then, a surprise bill called 'closing costs' appears, stopping you from getting your new house. I'm David Ghazaryan, and I see this problem constantly. I build offers where the seller actually pays these costs for you, using a special rule. The FHA allows sellers to pay your closing fees, up to 6% of the price. On a four hundred fifty thousand dollar house, this is big. Here is the strategy: we offer a higher price for the house. Then we ask the seller to give that extra money back for your costs. The one risk is the home's value check, called an appraisal. The house must be worth the new, higher price, or the whole plan can fall apart. This structure requires precision, not guesswork. I analyze these systems on all my platforms. The full article and more are linked below in the description.
Read Blog Here: https://www.iqratemortgages.com/blog/cover-fha-closing-costs-with-seller-credits-in-nevada
