When someone does a 80% LTV, can they request six percent in seller contributions?

Guidelines are changing daily CoolGuy. Better check with your loan rep (and you need a REALLY good one these days). What was good yesterday, is gone today, and new stuff tomorrow. Hard to keep up with anymore. I run everything past my loan officer now before writing or recommending acceptance of offers. I just closed a deal yesterday on a 21 day escrow and the loan program the buyer got and needed is being taken off the shelf tomorrow, Aug 1st. They bought just in the knick of time!

There are several loans allowing this including up to 100% LTV.

The 2 remaining programs for that are USDA and VA. FHA can acheive the same with down payment assistance. You will need to seek a lender dealing with the secondary loan market for this. Not the local bank.

Fannie Mae and Freddy Mac allow the same up to their max LTV's. You just need to use a lender who allows it.

Fannie Mae's new pricing hits for LTV's between 75 and 80% are larger then 80-85 or 70-75% LTV range. I have not seen any statistics, but apparently getting a loan just to 80% to avoid MI is causing problems on the back end.