When it comes to getting a deal across the finish line, every dollar matters — especially for buyers tight on cash to close. One of the biggest hurdles in many real estate transactions? Limits on seller-paid closing costs.
The Problem with Conventional Loans
Most realtors know the numbers:
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3% max seller contribution for down payments under 10%
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6% if the buyer puts down 10–25%
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2% max for investment properties
These are Fannie Mae and Freddie Mac rules. They’re strict. If the buyer needs help covering closing costs beyond that cap, there’s not much wiggle room.
The In-House Advantage
At Citizens Bank of Morgantown, we offer in-house portfolio loans that gives you more flexibility when structuring a deal.
Here’s what that means for you:
✅ More Seller Credit Allowed
Need to cover all of a buyer’s closing costs to get the offer accepted? We can structure that. Our internal policy allows us to approve seller-paid costs beyond the conventional caps.
✅ Creative Deal Structuring
We work hand-in-hand with realtors to build offers that fit the buyer’s needs. We’re solution-focused.
✅ Faster Turnaround, Local Control
All decisions are made right here in Morgantown. That means faster answers and fewer deal-killing delays.
Real Example:
A local buyer had enough income to qualify — but was short on cash to cover the full closing costs. Their agent was stuck trying to make the numbers work within the conventional loan limits.
We pivoted to an in-house loan. The seller covered more than the conventional 3% limit, the buyer brought less cash to close, and the offer was accepted.
Bottom Line
If you’re a realtor working with budget-conscious buyers — or a buyer who thinks they can’t cross the finish line without a little extra help — our in-house lending was built for you.
Reach out today to see how we can help you close the deal — faster and with fewer hurdles.
304-292-8411 www.citizensbankwv.com
Citizens Bank of Morgantown
Locally owned. Locally decided. Always in your corner.