Buyer and Seller Hold Back

Buyer and Seller Holdback Options

The Buyer or Seller Holdback options can be used for the purchase of an owner-occupied or second home. Allows buyers to make improvements to the home by using the equity in the home-based upon the value of the home after the improvements are completed.  The maximum amount of the holdback cannot exceed 10% of the “as-completed” value of the appraisal.  The term of the holdback cannot exceed 120 days. Principal and interest payments begin with the first loan payment.

NOTE: All terms and conditions are subject to change without notice.


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Need more information? Contact our Mortgage Loan Officers to discuss your options and let us help guide you through this process.



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