2026-11-04 · 6 min read
How Does a 3% Seller Credit Work When Buying a Home in Flagstaff, AZ?
Short answer: A 3% seller credit is money the seller agrees to pay at closing on the buyer's behalf, equal to 3% of the purchase price. On a $634,900 home, that's $19,047. You can usually put it toward closing costs, prepaid items, a permanent interest rate buydown, or a temporary buydown such as a 3-2-1, as long as you stay inside your loan program's limits.