Sellers Paying Your Closing Costs? Here's What Actually Happens

Want the seller to cover your closing costs in today’s shifting market? 🏠 In this week’s episode of Mortgage Matters in Minutes, Brent Rasmussen, owner of Mortgage Specialists, explains how seller-paid closing costs (also known as IPC – Interested Party Contributions) work, and how much sellers can actually contribute based on your loan type and down payment. With the housing market shifting toward balance in 2025, buyers have more room to negotiate—and seller concessions are coming back! Whether you're using a conventional, FHA, VA, or USDA loan, this video breaks down everything you need to know about closing cost assistance, how to ask for it, and what limits apply. 📌 You’ll Learn: ✔️ What IPCs (Interested Party Contributions) are ✔️ How much a seller can pay for conventional, FHA, VA, and USDA loans ✔️ How seller-paid closing costs help reduce your cash to close ✔️ The difference between down payment and closing costs ✔️ How to negotiate seller concessions in your offer ✔️ Why asking for seller help is a strong sign the market is shifting ✔️ How incentives work with builders and slow-moving listings 💡 Pro tip: Seller concessions don’t reduce your down payment, but they can dramatically lower your upfront costs—sometimes by thousands. Knowing your loan’s seller contribution limits puts you in a stronger position to negotiate and buy smart in this market. 📲 Questions? Want to strategize your offer? Call: 402-991-5153 Visit: mtg-specialists.com 👍 Like & Subscribe for weekly real estate and mortgage insights 💬 Drop your questions or closing cost experiences in the comments ☑️ Have mortgage questions? Choose the time that works best for you to chat: https://calendly.com/mortgage-specialists-omaha ☑️ Ready to get preapproved? https://mtg-specialists.com/online-application/ ☑️ Call our office: 402-991-5153 ☑️ Blogs: https://mtg-specialists.com/blog/ ☑️ Google Reviews: https://tinyurl.com/55zft5ef Follow us! Facebook - www.facebook.com/mortgagespecialists Instagram - www.instagram.com/mortgagespecialistsomaha/?hl=en Twitter - www.twitter.com/MTGSpecialists Timestamps for MMM 174: How Sellers Paying Your Closing Costs ACTUALLY Works 0:00 - Intro 1:07 - What are IPCs? 2:19 - Limits on Seller Paid Closing Costs 4:00 - Asking Sellers to pay for Closing Costs 5:15 - Conclusion 5:58 - Outro Mortgage Matters in Minutes Episode 174: How Sellers Paying Your Closing Costs ACTUALLY Works Licensing info: Brent Rasmussen, NMLS 5918 at Mortgage Specialists, LLC NMLS 2424 For licensing, go to www.nmlsconsumeraccess.org Address: 8420 W Dodge Road #113, Omaha, NE 68114 Equal Housing Lender Website: mtg-specialists.com Applicant subject to credit and underwriting approval. Restrictions may apply, contact Mortgage Specialists, LLC for current rates and for more information. All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Mortgage Specialists, LLC does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Mortgage Specialists, LLC. Mortgage Specialists, LLC and its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action. Mortgage Specialists, LLC is a limited liability company organized under the laws of the State of Nebraska. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture, or any other government agency. Mortgage Matters in Minutes Episode 174: How Sellers Paying Your Closing Costs ACTUALLY Works