Can a seller credit (or other Interested Party Contribution) be applied toward the MI premium due at closing?

Can a seller credit (or other Interested Party Contribution) be applied toward the MI premium due at closing?
June 22, 2018 Donna Malecki

Can a seller credit (or other Interested Party Contribution) be applied toward the MI premium due at closing?

Mortgage insurance premiums are considered “prepaid” items and subject to normal limits for Interested Party Contributions, including credits from the seller.

Last Updated On June 22, 2018