Is the seller's concession included in the fees?

Answer

The wording of your question needs some work. I am curious which fees you are referring to. Generally in a home purchase, a seller is allowed to pay between 3%and 6% in "seller concessions". These concessions are basically a total of the sales price that they are allowed to contribute to the fees the buyer accrues to buy the house. These fees may include appraisal fees, title company fees, lender fees, discount points, and any other fee associated with the transaction such as home warranties, pest inspections, surveys, etc. Each lender has their own list of what they consider to be "allowable fees" payable by the seller. Some allow only 3% while others allow up to 6%. Some lenders allow only "non-recurring fees" to be paid which means that prepaid interest, hazard insurance, and Mortgage insurance premiums cannot be paid by the seller. Others allow any and all fees to be paid. It is important to ask what allowances the lender allows for seller concessions. This is especially important when you are obtaining 100% financing and you expect the closing fees to be paid by the seller. You may get to closing and find that the seller is not allowed to pay your hazard insurance and end up having to write a check for 1 yrs worth of insurance premiums at the closing table when you expected to pay nothing.