What is What Is a Seller Concession?
A seller concession is money the seller credits the buyer at closing to help cover closing costs, rate buydowns or repairs. Concessions are capped by loan type — 3% for many FHA and conventional loans.
Practical Example
When a U.S. consumer researches seller concession, understanding the mechanics up front helps them compare providers, avoid hidden fees and choose the option that best fits their budget and long-term goals.
Why It Matters
Getting seller concession right can save households hundreds to thousands of dollars each year and prevents disputes that end up in state regulator complaints or court.
Frequently Asked Questions
Because it affects the price you pay, the protections you keep and the options you have — details that shift with each new regulatory cycle.