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The max seller paid closings costs on a Kentucky VA loans is 4% and with the concessions that can include payoffs of credit balances:
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The Department of Veterans Affairs defines a Seller Concession as “…anything of value added to the transaction by the builder or seller for which the buyer pays nothing additional and which the seller is not customarily expected or required to pay or provide.“
The seller’s paying of the buyer’s closing costs is not considered a Seller Concession. A Seller Concession is considered anything paid to the buyer outside of the normal closing costs that is offered to make the sale more attractive to a buyer. These concessions often come in the form of the seller paying such pre-paid items as the Homeowners Insurance premium or the amount needed for property tax escrows.
Another common concession is the seller agreeing to…
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Kentucky First-Time Home Buyer Programs | USDA, FHA, VA & KHC Loans 