Buyers can get up to 6 % of the final contract sales price for down payment and / or closing costs. (fha.com)
Below this label, § 1026.38 (k)(1)(ii) would have required the creditor or closing agent to provide a reference to the sale price of the property and the amount of the real estate contract sales price of the property being sold, excluding the price of any items of tangible personal property if the consumer and seller have agreed to a separate price for such items. (federalregister.gov)
When the Appraiser could not justify the high contract sale price, he used properties as comparables which were not actually comparable to the homes the buyers were purchasing. (nar.realtor)