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NAR Settlement Lending FAQs:

1. Can you roll the buyer's agent commission into the loan?
No! However, you can increase the sales price and ask for a Seller Credit to cover commission. *Appraised value must meet sales price.

2. How would buyer-paid agent commission affect the CD?
If the Buyer is paying Agent Commission out of pocket, this amount will appear in the Buyer's column, like any other closing cost.

3. Can seller credits cover an agent's commission?
Yes! However, the amount of the Seller Credit being used for the Buyer's Agent Commission must be defined in the contract.

4. Would credit for commissions count towards IPC limits?
No! Realtor fees are considered as customarily paid for by the sellers. Therefore it does not count toward IPC caps.

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For more info on how we can provide you with a successful home purchase, refinance or home equity loan (HELOC) mortgage experience, please visit our website: http://www.HTXMTG.com
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Edward Foy: H Mortgage
281-304-6353
efoy@HTXMTG.com
https://www.HTXMTG.com/LT
Competitive Pricing, Quick Approvals, Close On Time
NMLS 310856 / 218762
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?About The Home Equity Network, H Mortgage.
We pride ourselves on guiding individuals through the intricate world of real estate & mortgage solutions. Our channel showcases satisfied clients who have successfully navigated the homebuying, refinance, and home equity loan (HELOC) process with our assistance. From insights on purchasing to understanding the nuances of VA Mortgages, our videos aim to educate and empower.
With content that resonates with both first-time homebuyers and seasoned investors, we believe in the adage, 'Don't Wait to Buy Real Estate, Buy Real Estate & Wait.'

We Provide Real Estate & Mortgage Solutions
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Disclaimer: We do not accept any liability for any loss or damage which is incurred as a result of listening to any of our publications. For all videos on my channel: This information is for general & educational purposes only. Always consult with an attorney, CPA, or financial professional for advice based on your specific situation.
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Posted by Edward Foy on August 31st, 2024 12:35 PM

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