Can seller concessions be applied toward my 3.5% deposit on an FHA loan?I'm a first time home-buyer currently in escrow with a pending FHA loan. I've already paid a 3% good-faith deposit into escrow. My accepted offer included $12,000 in seller credits to be applied to closing costs. Based on inspections, we've asked the seller to concede more, and they've accepted. Only problem is, our credits now exceed the closing costs.My question is: Can I apply some of the concession credits to the remaining .5% required as a downpayment on the FHA loan?August 07 2012 - Los Angeles0YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.