Single Family Housing Guaranteed Loan Program: Limited Party Concessions

The commenter opposes the proposed rule, arguing that it unfairly burdens first-time homebuyers by preventing sellers from covering closing costs. They suggest that the rule should be adjusted to allow for seller concessions on realtor commissions, similar to other agencies.

The commenter argues that realtor commissions should be excluded from the seller's allowable concessions. They believe that commissions should not reduce the amount available for borrower closing costs or be counted toward the 6% maximum allowance.